Spring 2015 Retail Report

The Manhattan retail leasing market saw continued interest in store space through the first quarter of 2015. The stable market conditions have led owners and perspective tenants to see the market with more clarity and have provided a better definition of a spaces’ value. The Spring 2015 REBNY Retail Report showed ground floor asking rents increasing in all but one of the corridors surveyed, year over year. The market remains active though with both major domestically based and international brands doing deals and looking for space in the city despite the recent rise of the dollar.