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April 2017 » Market Analysis » New York Retail Report
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| 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
