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October 2016

October 2016 » Market Analysis » New York Retail Report

October 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 0.37 0.03 0.4 3.8 % -4.48 %
Midtown South Manhattan Retail 0.36 0.01 0.38 3.1 % 3.38 %
Downtown Manhattan Retail 0.17 0.0 0.17 4.9 % -1.03 %
Total Manhattan Retail 0.9 0.04 0.94 3.6 % -2.12 %
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 0.8 0.07 0.87 5.2 % -4.48 %
Midtown South Manhattan Retail 0.79 0.07 0.86 5.02 % abc 3.38 %
Downtown Manhattan Retail 0.22 0.02 0.24 5.23 % 0.0 %
Total Manhattan Retail 1.82 0.15 1.97 % -0.63 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.96 million RSF to 0.94 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.4 million RSF.
  • Midtown South Retail space vacancies decreased from 0.4 million RSF to 0.38 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.17 million RSF.
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