market research

December 2017

December 2017 » Market Analysis » New York Retail Report

December 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 0.5 0.02 0.52 3.3 % -0.75 %
Midtown South Manhattan Retail 0.52 0.03 0.55 4.3 % -4.3 %
Downtown Manhattan Retail 0.19 0.01 0.21 8.3 % -6.51 %
Total Manhattan Retail 1.21 0.06 1.28 4.3 % -3.45 %
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 0.98 0.09 1.06 6.22 % -0.75 %
Midtown South Manhattan Retail 1.18 0.1 1.28 7.2 % abc -4.3 %
Downtown Manhattan Retail 0.37 0.02 0.38 7.84 % 0.0 %
Total Manhattan Retail 2.52 0.21 2.73 % -3.23 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.32 million RSF to 1.28 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.52 million RSF.
  • Midtown South Retail space vacancies decreased from 0.57 million RSF to 0.55 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.23 million RSF to 0.21 million RSF
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building