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October 2018

October 2018 » Market Analysis » New York Retail Report

October 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 0.48 0.03 0.51 3.4 % 0.48 %
Midtown South Manhattan Retail 0.57 0.07 0.63 4.5 % 4.61 %
Downtown Manhattan Retail 0.36 0.0 0.36 7.8 % 0.54 %
Total Manhattan Retail 1.4 0.1 1.5 4.4 % 4.17 %
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 0.99 0.1 1.09 6.29 % 0.48 %
Midtown South Manhattan Retail 1.3 0.13 1.43 7.78 % abc 4.61 %
Downtown Manhattan Retail 0.44 0.01 0.44 9.41 % 0.0 %
Total Manhattan Retail 2.73 0.24 2.96 % 2.48 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.44 million RSF to 1.5 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.48 million RSF to 0.51 million RSF.
  • Midtown South Retail space vacancies increased from 0.59 million RSF to 0.63 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.36 million RSF.
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