REBNY Retail Reports

Fall 2012 Retail Report

REBNY Press

November 18, 2012

The Manhattan retail market remains strong, as there is increased demand and limited supply, particularly for space in the high profile retail corridors. Contributing factors are the slow improvement in the economy, the uptick in consumer confidence and the strong tourism in NYC.

With increased competition for the minimal available space in key locations, rents in those areas are at all time highs. This has led to a softening of the boundaries, and tenants are now willing to consider space beyond what had traditionally been targeted.