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March 2019 » 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 | 0.48 | 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.
