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April 2017

April 2017 » Market Analysis » New York Retail Report

April 2017 New York Retail Space Graphs and Statistics


NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.42 0.03 0.45 3.7 % 7.16 %
Midtown South Manhattan Retail 0.42 0.03 0.45 3.7 % 7.9 %
Downtown Manhattan Retail 0.15 0.01 0.16 6.2 % 10.26 %
Total Manhattan Retail 0.99 0.07 1.06 3.9 % -7.28 %
NEW YORK RETAIL VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.98 0.1 1.08 6.18 % 7.16 %
Midtown South Manhattan Retail 0.98 0.1 1.08 6.18 % abc 7.9 %
Downtown Manhattan Retail 0.25 0.02 0.27 5.92 % 0.0 %
Total Manhattan Retail 2.21 0.21 2.43 % 7.84 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.14 million RSF to 1.06 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
  • Midtown South Retail space vacancies decreased from 0.51 million RSF to 0.45 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.17 million RSF to 0.16 million RSF
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