market research

May 2016

May 2016 » Market Analysis » New York Retail Report

May 2016 NYC 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 0.33 0.02 0.35 3.0 % 16.26 %
Midtown South Manhattan Retail 0.34 0.02 0.36 2.9 % -5.09 %
Downtown Manhattan Retail 0.25 0.0 0.25 6.9 % 1.42 %
Total Manhattan Retail 0.92 0.04 0.97 3.8 % 1.04 %
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 1.09 0.07 1.16 6.82 % 16.26 %
Midtown South Manhattan Retail 0.86 0.07 0.92 5.4 % abc -5.09 %
Downtown Manhattan Retail 0.34 0.01 0.35 9.03 % 0.0 %
Total Manhattan Retail 2.29 0.14 2.43 % 6.01 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.95 million RSF to 0.97 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.32 million RSF to 0.35 million RSF.
  • Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.36 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.25 million RSF.
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