market research

February 2019

February 2019 » Market Analysis » New York Retail Report

February 2019 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 0.58 4.1 % -1.57 %
Midtown South Manhattan Retail 0.62 0.08 0.7 5.1 % -1.94 %
Downtown Manhattan Retail 0.26 0.0 0.26 7.5 % -19.2 %
Total Manhattan Retail 1.43 0.11 1.54 5.0 % -1.81 %
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 0.91 0.06 0.97 5.68 % -1.57 %
Midtown South Manhattan Retail 1.37 0.14 1.51 8.15 % abc -1.94 %
Downtown Manhattan Retail 0.38 0.02 0.4 7.91 % 0.0 %
Total Manhattan Retail 2.66 0.23 2.88 % -4.2 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.57 million RSF to 1.54 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.52 million RSF to 0.58 million RSF.
  • Midtown South Retail space vacancies decreased from 0.73 million RSF to 0.7 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.32 million RSF to 0.26 million RSF
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building