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July 2016

July 2016 » Market Analysis » New York Retail Report

July 2016 NYC 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 0.45 0.0 0.46 4.4 % -16.53 %
Midtown South Manhattan Retail 0.38 0.01 0.38 2.4 % 1.33 %
Downtown Manhattan Retail 0.29 0.0 0.29 7.1 % -1.37 %
Total Manhattan Retail 1.11 0.01 1.13 3.8 % 5.15 %
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 0.89 0.05 0.94 5.6 % -16.53 %
Midtown South Manhattan Retail 0.85 0.06 0.9 5.28 % abc 1.33 %
Downtown Manhattan Retail 0.36 0.0 0.36 8.45 % 0.0 %
Total Manhattan Retail 2.09 0.11 2.2 % -6.76 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.07 million RSF to 1.13 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.41 million RSF to 0.46 million RSF.
  • Midtown South Retail space vacancies increased from 0.36 million RSF to 0.38 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.29 million RSF.
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