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Fall 2001 Retail Report
November 19, 2001
The third REBNY Retail Report is our first such survey to provide market comparisons over a twelve-month period. This biannual look at the stores market shows that prime shopping areas have thrived despite the economy’s slowdown and unprecedented disruptions following the terrorist attacks. Less prominent districts, though, have proven more vulnerable to the past year’s turmoil. Even in difficult times, though, our most established shopping corridors remain destinations for customers from all over the city, region, nation and the rest of world.
The 16 brokerages we now have contributing to this report have examined 11.3 million square feet of retail space. Their experience and our mounting retail data base will continue to produce illuminating accounts of this leading realty market. We are grateful to REBNY’s Retail Task Force for an enlightening report.