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September 2017

September 2017 » Market Analysis » New York Retail Report

September 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 0.47 0.02 0.49 3.4 % -2.65 %
Midtown South Manhattan Retail 0.49 0.03 0.52 4.0 % 0.23 %
Downtown Manhattan Retail 0.12 0.02 0.13 5.2 % -3.29 %
Total Manhattan Retail 1.07 0.07 1.14 3.9 % 3.44 %
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 0.24 1.24 7.19 % -2.65 %
Midtown South Manhattan Retail 1.16 0.12 1.28 7.22 % abc 0.23 %
Downtown Manhattan Retail 0.21 0.03 0.24 5.32 % 0.0 %
Total Manhattan Retail 2.38 0.39 2.77 % -1.37 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.1 million RSF to 1.14 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.48 million RSF to 0.49 million RSF.
  • Midtown South Retail space vacancies increased from 0.48 million RSF to 0.52 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.13 million RSF.
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