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February 2017

February 2017 » Market Analysis » New York Retail Report

February 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 0.38 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.
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