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March 2018

March 2018 » Market Analysis » New York Retail Report

March 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 0.55 0.03 0.57 3.8 % 9.3 %
Midtown South Manhattan Retail 0.52 0.04 0.56 4.1 % 2.79 %
Downtown Manhattan Retail 0.25 0.01 0.27 9.3 % 1.75 %
Total Manhattan Retail 1.32 0.08 1.4 4.6 % -1.61 %
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 0.09 1.03 6.0 % 9.3 %
Midtown South Manhattan Retail 1.22 0.11 1.33 7.32 % abc 2.79 %
Downtown Manhattan Retail 0.41 0.03 0.43 9.01 % 0.0 %
Total Manhattan Retail 2.56 0.23 2.79 % 5.02 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.42 million RSF to 1.4 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.59 million RSF to 0.57 million RSF
  • Midtown South Retail space vacancies decreased from 0.58 million RSF to 0.56 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.25 million RSF to 0.27 million RSF.
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