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March 2016

March 2016 » Market Analysis » New York Retail Report

March 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 0.32 0.03 0.34 3.0 % -2.6 %
Midtown South Manhattan Retail 0.4 0.02 0.41 2.6 % -0.92 %
Downtown Manhattan Retail 0.23 0.0 0.23 6.2 % -0.31 %
Total Manhattan Retail 0.95 0.04 0.99 3.2 % -0.3 %
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 0.88 0.08 0.96 5.77 % -2.6 %
Midtown South Manhattan Retail 0.92 0.06 0.98 5.71 % abc -0.92 %
Downtown Manhattan Retail 0.31 0.01 0.32 8.32 % 0.0 %
Total Manhattan Retail 2.11 0.15 2.26 % -1.55 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.99 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.36 million RSF to 0.34 million RSF
  • Midtown South Retail space vacancies stayed at 0.41 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.23 million RSF.
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