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November 2018

November 2018 » Market Analysis » New York Retail Report

November 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 0.5 0.02 0.53 3.5 % -3.97 %
Midtown South Manhattan Retail 0.59 0.06 0.65 4.8 % 3.86 %
Downtown Manhattan Retail 0.35 0.0 0.35 7.7 % 2.53 %
Total Manhattan Retail 1.44 0.09 1.53 4.6 % 2.05 %
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 0.95 0.09 1.05 6.06 % -3.97 %
Midtown South Manhattan Retail 1.36 0.12 1.49 8.05 % abc 3.86 %
Downtown Manhattan Retail 0.44 0.02 0.46 9.61 % 0.0 %
Total Manhattan Retail 2.75 0.24 2.99 % 0.91 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.5 million RSF to 1.53 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.51 million RSF to 0.53 million RSF.
  • Midtown South Retail space vacancies increased from 0.63 million RSF to 0.65 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.36 million RSF to 0.35 million RSF
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