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January 2018

January 2018 » Market Analysis » New York Retail Report

January 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 0.49 0.02 0.52 3.5 % -4.69 %
Midtown South Manhattan Retail 0.55 0.03 0.59 4.5 % -1.71 %
Downtown Manhattan Retail 0.21 0.01 0.23 8.8 % 5.64 %
Total Manhattan Retail 1.26 0.07 1.33 4.6 % 4.2 %
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 0.93 0.08 1.02 5.93 % -4.69 %
Midtown South Manhattan Retail 1.15 0.1 1.26 7.04 % abc -1.71 %
Downtown Manhattan Retail 0.38 0.03 0.41 8.45 % 0.0 %
Total Manhattan Retail 2.47 0.22 2.68 % -1.72 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.28 million RSF to 1.33 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.52 million RSF.
  • Midtown South Retail space vacancies increased from 0.55 million RSF to 0.59 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.21 million RSF to 0.23 million RSF.
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