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April 2019

April 2019 » Market Analysis » New York Retail Report

April 2019 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 0.45 0.0 0.45 3.2 % -6.3 %
Midtown South Manhattan Retail 0.71 0.07 0.77 5.5 % 0.71 %
Downtown Manhattan Retail 0.3 0.0 0.3 9.0 % -2.75 %
Total Manhattan Retail 1.45 0.07 1.52 4.9 % 2.81 %
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 0.79 0.05 0.84 4.61 % -6.3 %
Midtown South Manhattan Retail 1.46 0.12 1.59 8.44 % abc 0.71 %
Downtown Manhattan Retail 0.42 0.0 0.43 8.37 % 0.0 %
Total Manhattan Retail 2.67 0.18 2.85 % -1.87 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.48 million RSF to 1.52 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.48 million RSF to 0.45 million RSF
  • Midtown South Retail space vacancies increased from 0.7 million RSF to 0.77 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.3 million RSF.
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