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February 2017 » Market Analysis » New York Retail Report
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| NEW YORK RETAIL VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Retail | 0.38 | 0.02 | 0.41 | 3.9 % | 8.42 % |
| Midtown South Manhattan Retail | 0.5 | 0.02 | 0.52 | 3.5 % | -3.44 % |
| Downtown Manhattan Retail | 0.17 | 0.01 | 0.18 | 5.5 % | 11.34 % |
| Total Manhattan Retail | 1.06 | 0.05 | 1.1 | 3.9 % | 4.89 % |
| 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 | 0.86 | 0.06 | 0.93 | 5.51 % | 8.42 % |
| Midtown South Manhattan Retail | 0.89 | 0.07 | 0.96 | 5.58 % abc | -3.44 % |
| Downtown Manhattan Retail | 0.24 | 0.01 | 0.25 | 5.38 % | 0.0 % |
| Total Manhattan Retail | 2.0 | 0.14 | 2.13 | % | 3.42 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.05 million RSF to 1.1 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.42 million RSF to 0.41 million RSF
- Midtown South Retail space vacancies increased from 0.48 million RSF to 0.52 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.15 million RSF to 0.18 million RSF.
