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May 2018

May 2018 » Market Analysis » New York Retail Report

May 2018 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 0.47 0.03 0.5 3.3 % 0.08 %
Midtown South Manhattan Retail 0.51 0.04 0.56 4.1 % 0.12 %
Downtown Manhattan Retail 0.25 0.01 0.27 9.4 % -1.72 %
Total Manhattan Retail 1.24 0.08 1.32 4.4 % 0.97 %
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 0.97 0.08 1.04 6.06 % 0.08 %
Midtown South Manhattan Retail 1.25 0.12 1.37 7.56 % abc 0.12 %
Downtown Manhattan Retail 0.43 0.03 0.46 9.47 % 0.0 %
Total Manhattan Retail 2.65 0.22 2.87 % -0.19 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.31 million RSF to 1.32 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.51 million RSF to 0.5 million RSF
  • Midtown South Retail space vacancies increased from 0.52 million RSF to 0.56 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.27 million RSF.
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