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July 2017

July 2017 » Market Analysis » New York Retail Report

July 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 0.44 0.01 0.45 3.4 % -0.45 %
Midtown South Manhattan Retail 0.47 0.03 0.5 4.0 % 0.63 %
Downtown Manhattan Retail 0.12 0.02 0.14 5.4 % -3.42 %
Total Manhattan Retail 1.04 0.05 1.09 3.9 % -3.3 %
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 1.09 0.03 1.12 6.53 % -0.45 %
Midtown South Manhattan Retail 1.17 0.1 1.27 7.18 % abc 0.63 %
Downtown Manhattan Retail 0.23 0.03 0.26 5.75 % 0.0 %
Total Manhattan Retail 2.49 0.17 2.66 % -0.23 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.13 million RSF to 1.09 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
  • Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.5 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.14 million RSF
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