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November 2016

November 2016 » Market Analysis » New York Retail Report

November 2016 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 0.4 0.02 0.43 4.0 % -1.99 %
Midtown South Manhattan Retail 0.37 0.01 0.39 3.0 % 6.63 %
Downtown Manhattan Retail 0.17 0.0 0.17 4.9 % 7.98 %
Total Manhattan Retail 0.95 0.04 0.98 3.7 % 4.07 %
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 0.78 0.07 0.85 5.12 % -1.99 %
Midtown South Manhattan Retail 0.86 0.06 0.92 5.37 % abc 6.63 %
Downtown Manhattan Retail 0.24 0.02 0.26 5.66 % 0.0 %
Total Manhattan Retail 1.89 0.15 2.04 % 3.19 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.94 million RSF to 0.98 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.4 million RSF to 0.43 million RSF.
  • Midtown South Retail space vacancies increased from 0.38 million RSF to 0.39 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.17 million RSF.
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