REBNY Retail Reports
May 20, 2010
Average asking rents have started to increase in most of the retail corridors surveyed in our Spring 2010 report. This increase reflects the nascent nation economic recovery and improving local market conditions as well. In March, the most recent data available, national retail sales were up 7.6% over last year and 1.6% month on month. New York City retail employment in March was up 1.4% year on year. Similarly, April’s consumer confidence index was at its highest since September 2008.