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May 2017

May 2017 » Market Analysis » New York Retail Report

May 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 0.44 0.01 0.45 3.6 % 0.55 %
Midtown South Manhattan Retail 0.49 0.03 0.52 4.0 % 10.03 %
Downtown Manhattan Retail 0.15 0.01 0.16 5.9 % -3.8 %
Total Manhattan Retail 1.07 0.06 1.12 4.0 % 5.87 %
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 1.03 0.05 1.08 6.36 % 0.55 %
Midtown South Manhattan Retail 1.09 0.11 1.2 6.82 % abc 10.03 %
Downtown Manhattan Retail 0.24 0.03 0.26 5.75 % 0.0 %
Total Manhattan Retail 2.35 0.19 2.54 % 4.57 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.06 million RSF to 1.12 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
  • Midtown South Retail space vacancies increased from 0.45 million RSF to 0.52 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
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