Fall 2014 Retail Report

The Manhattan retail leasing market maintained its strength and dynamism through the third quarter of 2014. The Fall 2014 REBNY Retail Report showed ground floor asking rents increasing in 13 of 17 corridors surveyed, year over year. Furthermore, despite the increasing rents of recent years, our Retail Advisory Group reported that the market remained active. While the average asking rent in most corridors increased compared to last year, the increases were not as extreme as previous reports.