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August 2018

August 2018 » Market Analysis » New York Retail Report

August 2018 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 0.46 0.03 0.49 3.3 % -6.08 %
Midtown South Manhattan Retail 0.51 0.07 0.58 4.2 % -2.8 %
Downtown Manhattan Retail 0.36 0.01 0.36 9.1 % 1.65 %
Total Manhattan Retail 1.33 0.1 1.43 4.4 % 2.36 %
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 0.93 0.08 1.01 5.88 % -6.08 %
Midtown South Manhattan Retail 1.21 0.15 1.36 7.43 % abc -2.8 %
Downtown Manhattan Retail 0.41 0.01 0.42 8.98 % 0.0 %
Total Manhattan Retail 2.56 0.23 2.79 % -3.32 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.4 million RSF to 1.43 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.47 million RSF to 0.49 million RSF.
  • Midtown South Retail space vacancies increased from 0.56 million RSF to 0.58 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.36 million RSF.
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