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September 2016

September 2016 » Market Analysis » New York Retail Report

September 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 0.38 0.02 0.4 3.7 % -0.99 %
Midtown South Manhattan Retail 0.38 0.01 0.4 2.6 % -4.34 %
Downtown Manhattan Retail 0.17 0.0 0.17 5.4 % -49.08 %
Total Manhattan Retail 0.93 0.04 0.96 3.4 % -11.94 %
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 0.84 0.07 0.91 5.43 % -0.99 %
Midtown South Manhattan Retail 0.77 0.06 0.83 4.87 % abc -4.34 %
Downtown Manhattan Retail 0.24 0.0 0.24 5.67 % 0.0 %
Total Manhattan Retail 1.85 0.13 1.98 % -8.31 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.08 million RSF to 0.96 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.43 million RSF to 0.4 million RSF
  • Midtown South Retail space vacancies increased from 0.35 million RSF to 0.4 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.29 million RSF to 0.17 million RSF
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