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June 2016

June 2016 » Market Analysis » New York Retail Report

June 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 0.41 0.0 0.41 4.9 % -5.09 %
Midtown South Manhattan Retail 0.35 0.01 0.36 3.0 % -3.94 %
Downtown Manhattan Retail 0.29 0.0 0.29 7.1 % 3.31 %
Total Manhattan Retail 1.05 0.02 1.07 4.3 % 9.64 %
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 1.05 0.05 1.1 6.56 % -5.09 %
Midtown South Manhattan Retail 0.83 0.06 0.89 5.21 % abc -3.94 %
Downtown Manhattan Retail 0.36 0.0 0.36 8.62 % 0.0 %
Total Manhattan Retail 2.24 0.11 2.35 % -3.36 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.07 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.35 million RSF to 0.41 million RSF.
  • Midtown South Retail space vacancies stayed at 0.36 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.25 million RSF to 0.29 million RSF.
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