REBNY Retail Reports
November 20, 2022
Brooklyn has been a frontrunner in the retail recovery over the last two years. Many of Brooklyn’s residential neighborhoods, and in turn its retail corridors, started to rebound in late 2020 - well before Manhattan’s prime retail districts regained momentum. Retail activity in Brooklyn’s mixed-use neighborhoods, such as Downtown Brooklyn, has increased throughout 2022 thanks to ongoing residential development, return to office, and surging tourism. National retailers expanded in these high-traffic corridors. Finally, Williamsburg continues to separate itself in terms of the range of businesses it attracts and the rent level it achieves.