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July 2019

July 2019 » Market Analysis » New York Retail Report

July 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 0.48 0.01 0.48 3.2 % 4.5 %
Midtown South Manhattan Retail 0.61 0.08 0.69 4.5 % -1.84 %
Downtown Manhattan Retail 0.26 0.0 0.26 8.3 % -25.95 %
Total Manhattan Retail 1.35 0.08 1.43 4.4 % -1.75 %
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 0.06 0.97 5.26 % 4.5 %
Midtown South Manhattan Retail 1.28 0.13 1.4 7.6 % abc -1.84 %
Downtown Manhattan Retail 0.31 0.0 0.31 6.17 % 0.0 %
Total Manhattan Retail 2.49 0.19 2.68 % -2.32 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.46 million RSF to 1.43 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.48 million RSF.
  • Midtown South Retail space vacancies decreased from 0.71 million RSF to 0.69 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.26 million RSF
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