REBNY Retail Reports
May 17, 2012
The market for Manhattan retail space has tightened in the most prominent shopping corridors since the REBNY Fall 2011 Retail Report. Demand for store space continues to raise the asking rents and prestige in these retail corridors. Overall, asking rents for all space in Manhattan are up two percent since the fall of 2011 and down one percent compared to a year ago.