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November 2017

November 2017 » Market Analysis » New York Retail Report

November 2017 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 0.5 0.02 0.52 3.6 % 0.28 %
Midtown South Manhattan Retail 0.53 0.04 0.57 4.3 % 2.1 %
Downtown Manhattan Retail 0.21 0.02 0.23 8.4 % 28.85 %
Total Manhattan Retail 1.25 0.07 1.32 4.5 % 9.1 %
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 1.0 0.07 1.07 6.27 % 0.28 %
Midtown South Manhattan Retail 1.22 0.11 1.33 7.49 % abc 2.1 %
Downtown Manhattan Retail 0.38 0.03 0.41 8.36 % 0.0 %
Total Manhattan Retail 2.61 0.21 2.82 % 5.29 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.2 million RSF to 1.32 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.52 million RSF.
  • Midtown South Retail space vacancies increased from 0.55 million RSF to 0.57 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.13 million RSF to 0.23 million RSF.
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