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February 2018

February 2018 » Market Analysis » New York Retail Report

February 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 0.56 0.02 0.59 3.9 % -9.15 %
Midtown South Manhattan Retail 0.54 0.04 0.58 4.3 % 2.71 %
Downtown Manhattan Retail 0.24 0.01 0.25 9.2 % 4.5 %
Total Manhattan Retail 1.35 0.07 1.42 4.7 % 6.2 %
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 0.84 0.09 0.93 5.49 % -9.15 %
Midtown South Manhattan Retail 1.19 0.11 1.29 7.26 % abc 2.71 %
Downtown Manhattan Retail 0.4 0.03 0.43 8.86 % 0.0 %
Total Manhattan Retail 2.43 0.22 2.65 % -1.17 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.33 million RSF to 1.42 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.52 million RSF to 0.59 million RSF.
  • Midtown South Retail space vacancies decreased from 0.59 million RSF to 0.58 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.23 million RSF to 0.25 million RSF.
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