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August 2017

August 2017 » Market Analysis » New York Retail Report
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August 2017 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 0.03 0.48 3.4 % 12.22 %
Midtown South Manhattan Retail 0.46 0.02 0.48 3.9 % 0.39 %
Downtown Manhattan Retail 0.11 0.02 0.13 5.3 % -4.78 %
Total Manhattan Retail 1.03 0.07 1.1 3.9 % 0.46 %
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 1.04 0.23 1.28 7.37 % 12.22 %
Midtown South Manhattan Retail 1.17 0.11 1.28 7.2 % abc 0.39 %
Downtown Manhattan Retail 0.22 0.03 0.25 5.51 % 0.0 %
Total Manhattan Retail 2.43 0.37 2.81 % 5.31 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.09 million RSF to 1.1 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.45 million RSF to 0.48 million RSF.
  • Midtown South Retail space vacancies decreased from 0.5 million RSF to 0.48 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.14 million RSF to 0.13 million RSF
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