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June 2018

June 2018 » Market Analysis » New York Retail Report

June 2018 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 0.03 0.48 3.2 % 0.7 %
Midtown South Manhattan Retail 0.51 0.04 0.55 4.0 % 0.93 %
Downtown Manhattan Retail 0.25 0.01 0.26 9.3 % -4.69 %
Total Manhattan Retail 1.2 0.09 1.29 4.3 % -2.42 %
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 0.95 0.1 1.05 6.06 % 0.7 %
Midtown South Manhattan Retail 1.26 0.12 1.38 7.64 % abc 0.93 %
Downtown Manhattan Retail 0.41 0.03 0.44 9.09 % 0.0 %
Total Manhattan Retail 2.63 0.25 2.87 % -0.01 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.32 million RSF to 1.29 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.5 million RSF to 0.48 million RSF
  • Midtown South Retail space vacancies decreased from 0.56 million RSF to 0.55 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.26 million RSF
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