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April 2018

April 2018 » Market Analysis » New York Retail Report

April 2018 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 0.48 0.03 0.51 3.3 % 1.57 %
Midtown South Manhattan Retail 0.49 0.03 0.52 4.0 % 2.85 %
Downtown Manhattan Retail 0.26 0.01 0.27 9.5 % 7.03 %
Total Manhattan Retail 1.23 0.07 1.31 4.4 % -6.87 %
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 0.95 0.1 1.04 6.06 % 1.57 %
Midtown South Manhattan Retail 1.26 0.11 1.37 7.58 % abc 2.85 %
Downtown Manhattan Retail 0.44 0.03 0.47 9.63 % 0.0 %
Total Manhattan Retail 2.65 0.23 2.88 % 3.06 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.4 million RSF to 1.31 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.57 million RSF to 0.51 million RSF
  • Midtown South Retail space vacancies decreased from 0.56 million RSF to 0.52 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.27 million RSF.
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