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December 2018

December 2018 » Market Analysis » New York Retail Report

December 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 0.51 0.02 0.53 3.7 % 3.31 %
Midtown South Manhattan Retail 0.6 0.07 0.67 4.8 % 0.33 %
Downtown Manhattan Retail 0.33 0.0 0.33 7.8 % -7.28 %
Total Manhattan Retail 1.44 0.09 1.53 4.7 % -0.27 %
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 0.99 0.09 1.08 6.26 % 3.31 %
Midtown South Manhattan Retail 1.36 0.13 1.49 8.05 % abc 0.33 %
Downtown Manhattan Retail 0.4 0.02 0.43 9.0 % 0.0 %
Total Manhattan Retail 2.76 0.24 3.0 % 0.33 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space stayed at 1.53 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.53 million RSF.
  • Midtown South Retail space vacancies increased from 0.65 million RSF to 0.67 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.35 million RSF to 0.33 million RSF
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