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December 2016

December 2016 » Market Analysis » New York Retail Report
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December 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 0.41 0.02 0.44 4.0 % 2.06 %
Midtown South Manhattan Retail 0.41 0.03 0.43 2.9 % 4.56 %
Downtown Manhattan Retail 0.15 0.0 0.15 4.7 % -24.06 %
Total Manhattan Retail 0.97 0.05 1.02 3.6 % 4.0 %
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 0.82 0.06 0.87 5.22 % 2.06 %
Midtown South Manhattan Retail 0.9 0.07 0.96 5.59 % abc 4.56 %
Downtown Manhattan Retail 0.21 0.0 0.21 4.62 % 0.0 %
Total Manhattan Retail 1.93 0.12 2.05 % 0.54 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.98 million RSF to 1.02 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.43 million RSF to 0.44 million RSF.
  • Midtown South Retail space vacancies increased from 0.39 million RSF to 0.43 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.17 million RSF to 0.15 million RSF
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