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August 2016 » 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 | 0.43 | 0.01 | 0.43 | 4.0 % | -2.72 % |
| Midtown South Manhattan Retail | 0.34 | 0.01 | 0.35 | 2.8 % | -4.04 % |
| Downtown Manhattan Retail | 0.29 | 0.0 | 0.29 | 7.8 % | 1.76 % |
| Total Manhattan Retail | 1.06 | 0.01 | 1.08 | 3.9 % | -4.45 % |
| 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 | 0.86 | 0.05 | 0.92 | 5.46 % | -2.72 % |
| Midtown South Manhattan Retail | 0.81 | 0.06 | 0.87 | 5.06 % abc | -4.04 % |
| Downtown Manhattan Retail | 0.36 | 0.0 | 0.36 | 8.29 % | 0.0 % |
| Total Manhattan Retail | 2.04 | 0.11 | 2.15 | % | -2.49 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.13 million RSF to 1.08 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.46 million RSF to 0.43 million RSF
- Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.35 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.29 million RSF.
