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May 2019

May 2019 » Market Analysis » New York Retail Report

May 2019 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 0.45 0.0 0.45 3.1 % 6.14 %
Midtown South Manhattan Retail 0.66 0.08 0.74 5.1 % -5.26 %
Downtown Manhattan Retail 0.29 0.0 0.29 8.9 % -4.44 %
Total Manhattan Retail 1.4 0.08 1.48 4.7 % -2.84 %
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 0.84 0.05 0.89 4.89 % 6.14 %
Midtown South Manhattan Retail 1.39 0.12 1.51 8.04 % abc -5.26 %
Downtown Manhattan Retail 0.41 0.0 0.41 8.01 % 0.0 %
Total Manhattan Retail 2.63 0.17 2.81 % -1.52 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.52 million RSF to 1.48 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
  • Midtown South Retail space vacancies decreased from 0.77 million RSF to 0.74 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.3 million RSF to 0.29 million RSF
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