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January 2019

January 2019 » Market Analysis » New York Retail Report

January 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 0.5 0.02 0.52 3.7 % -9.35 %
Midtown South Manhattan Retail 0.64 0.09 0.73 5.0 % 3.11 %
Downtown Manhattan Retail 0.32 0.0 0.32 7.6 % 10.52 %
Total Manhattan Retail 1.46 0.11 1.57 4.8 % 2.4 %
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 0.9 0.09 0.99 5.77 % -9.35 %
Midtown South Manhattan Retail 1.39 0.15 1.54 8.32 % abc 3.11 %
Downtown Manhattan Retail 0.46 0.02 0.48 9.94 % 0.0 %
Total Manhattan Retail 2.74 0.26 3.0 % 0.18 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.53 million RSF to 1.57 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.53 million RSF to 0.52 million RSF
  • Midtown South Retail space vacancies increased from 0.67 million RSF to 0.73 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.33 million RSF to 0.32 million RSF
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