Manhattan retail recovery is described as ‘strong’ despite vacant storefronts.
Manhattan Retail Report Q1 Highlights Ongoing Recovery The Real Estate Board of New York has just put out its first-quarter report for Manhattan’s retail sector, and, unsurprisingly, the main takeaway suggests that retail is bouncing back robustly. Additionally, while not part of REBNY’s analysis, WWD has reported that the luxury jeweler David Yurman is set […]
Manhattan retail leasing is recovering, but key storefronts are still unoccupied.
The retail leasing market in Manhattan has shown a remarkable recovery from the pandemic, according to a comprehensive report by the Real Estate Board of New York. In the latter half of 2025, the 16 primary shopping corridors monitored by the board recorded a noticeable drop in vacant storefronts compared to the first half of […]
Investment in Manhattan real estate is thriving as storefronts in Union Square become occupied.
Manhattan Real Estate Trends: 2025 Insights A recent report from JLL indicates that 2025 will see a notable rise in Manhattan’s divestment activities within the office sector. Transaction values are projected to climb over 26% from the previous year, reaching around $11 billion. This growth, while promising, reflects a gradual regaining of investor confidence. It’s […]
Marc Lore’s food delivery service Wonder is making smart use of NYC’s vacant storefronts
Wonder is revolutionizing more than just New York City cuisine. Since launching last year, the food delivery and takeout company has repurposed 19 vacant storefronts in Manhattan, Queens, and Brooklyn. Wonder, which has locations in the suburbs as well as New Jersey, Pennsylvania, Rhode Island and Connecticut, plans to have 95 locations by the end […]