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January 2017

January 2017 » Market Analysis » New York Retail Report

January 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 0.39 0.02 0.42 3.8 % -2.83 %
Midtown South Manhattan Retail 0.46 0.02 0.48 3.2 % 2.92 %
Downtown Manhattan Retail 0.15 0.01 0.15 4.5 % 3.2 %
Total Manhattan Retail 1.0 0.05 1.05 3.6 % 2.48 %
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 0.78 0.07 0.85 5.07 % -2.83 %
Midtown South Manhattan Retail 0.93 0.07 0.99 5.75 % abc 2.92 %
Downtown Manhattan Retail 0.21 0.01 0.22 4.77 % 0.0 %
Total Manhattan Retail 1.92 0.14 2.06 % 0.58 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.02 million RSF to 1.05 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.44 million RSF to 0.42 million RSF
  • Midtown South Retail space vacancies increased from 0.43 million RSF to 0.48 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
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