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March 2017

March 2017 » Market Analysis » New York Retail Report

March 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 0.42 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
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