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May 2017 » 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 | 0.44 | 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.
