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May 2018 » 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 | 0.47 | 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.
