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June 2017

June 2017 » Market Analysis » New York Retail Report

June 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 0.43 0.01 0.45 3.5 % 3.91 %
Midtown South Manhattan Retail 0.49 0.03 0.52 4.1 % 5.38 %
Downtown Manhattan Retail 0.15 0.01 0.16 5.8 % 3.31 %
Total Manhattan Retail 1.07 0.05 1.13 4.0 % 0.27 %
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 1.07 0.05 1.13 6.58 % 3.91 %
Midtown South Manhattan Retail 1.17 0.1 1.26 7.15 % abc 5.38 %
Downtown Manhattan Retail 0.25 0.02 0.27 5.99 % 0.0 %
Total Manhattan Retail 2.49 0.17 2.66 % 4.55 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.12 million RSF to 1.13 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
  • Midtown South Retail space vacancies stayed at 0.52 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
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