REBNY Retail Reports

Fall 2004 Retail Report

REBNY Press

October 14, 2004

Many of the major retail corridors had significant increases in the asking rent for their ground floor space. For the first time, the report highlights ground-floor retail on 125th Street. Though asking rents are modest compared to West 34th Street and W 42nd Street, mentioned above, they rose 28% in the last year to an average of $77 per square foot.