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August 2016

August 2016 » Market Analysis » New York Retail Report
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August 2016 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 0.43 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.
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