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March 2017 » Market Analysis » New York Retail Report
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| NEW YORK RETAIL VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Retail | 0.42 | 0.03 | 0.45 | 4.1 % | 7.31 % |
| Midtown South Manhattan Retail | 0.49 | 0.02 | 0.51 | 3.3 % | 3.13 % |
| Downtown Manhattan Retail | 0.16 | 0.01 | 0.17 | 5.6 % | -0.82 % |
| Total Manhattan Retail | 1.07 | 0.06 | 1.14 | 3.9 % | 2.73 % |
| 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 | 0.93 | 0.07 | 1.0 | 5.92 % | 7.31 % |
| Midtown South Manhattan Retail | 0.91 | 0.08 | 0.99 | 5.75 % abc | 3.13 % |
| Downtown Manhattan Retail | 0.23 | 0.01 | 0.24 | 5.35 % | 0.0 % |
| Total Manhattan Retail | 2.07 | 0.16 | 2.23 | % | 4.56 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.1 million RSF to 1.14 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.41 million RSF to 0.45 million RSF.
- Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.51 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.18 million RSF to 0.17 million RSF
