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September 2018

September 2018 » Market Analysis » New York Retail Report

September 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 0.46 0.02 0.48 3.3 % 6.8 %
Midtown South Manhattan Retail 0.53 0.07 0.59 4.4 % 0.3 %
Downtown Manhattan Retail 0.36 0.0 0.36 9.3 % 4.65 %
Total Manhattan Retail 1.35 0.09 1.44 4.5 % 0.54 %
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 1.08 6.27 % 6.8 %
Midtown South Manhattan Retail 1.23 0.13 1.36 7.44 % abc 0.3 %
Downtown Manhattan Retail 0.44 0.0 0.44 10.08 % 0.0 %
Total Manhattan Retail 2.65 0.23 2.89 % 3.41 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.43 million RSF to 1.44 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.49 million RSF to 0.48 million RSF
  • Midtown South Retail space vacancies increased from 0.58 million RSF to 0.59 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.36 million RSF.
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