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March 2019

March 2019 » Market Analysis » New York Retail Report

March 2019 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 0.48 0.0 0.48 3.5 % -9.81 %
Midtown South Manhattan Retail 0.61 0.08 0.7 5.0 % 4.18 %
Downtown Manhattan Retail 0.3 0.0 0.3 7.7 % 8.95 %
Total Manhattan Retail 1.39 0.09 1.48 4.7 % -3.94 %
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 0.84 0.05 0.89 5.18 % -9.81 %
Midtown South Manhattan Retail 1.43 0.14 1.58 8.45 % abc 4.18 %
Downtown Manhattan Retail 0.42 0.02 0.44 8.6 % 0.0 %
Total Manhattan Retail 2.69 0.21 2.9 % 0.62 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.54 million RSF to 1.48 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.58 million RSF to 0.48 million RSF
  • Midtown South Retail space vacancies stayed at 0.7 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.26 million RSF to 0.3 million RSF.
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