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February 2016

February 2016 » Market Analysis » New York Retail Report

February 2016 NYC 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 0.33 0.03 0.36 3.1 % 4.66 %
Midtown South Manhattan Retail 0.4 0.01 0.41 2.7 % -1.52 %
Downtown Manhattan Retail 0.23 0.0 0.23 6.1 % -10.46 %
Total Manhattan Retail 0.96 0.04 1.0 3.2 % -3.32 %
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 0.9 0.09 0.99 5.92 % 4.66 %
Midtown South Manhattan Retail 0.94 0.04 0.98 5.74 % abc -1.52 %
Downtown Manhattan Retail 0.3 0.03 0.33 8.35 % 0.0 %
Total Manhattan Retail 2.14 0.16 2.3 % -0.13 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.03 million RSF to 1.0 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.35 million RSF to 0.36 million RSF.
  • Midtown South Retail space vacancies stayed at 0.41 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.23 million RSF
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