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April 2018 » 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 | 0.48 | 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.
