Jll Manhattan Retail Report, Weighted average asking rents increased 2. com f New York Retail Five Things to Know | New York Leasing Q3 2024 1 Average prime submarket availability 2 🌇 Just released >> Our 2025 City Retail report Download the report here: https://co. Vietnam’s urban evolution: how should TOD reshape HCMC? about real estate markets. jll/3ZGVifG If you have any questions or would like to discuss further, . The U. Notable leases include Old Navy, Trader New York City's retail segment is off to a solid start in 2025, according to JLL's first quarter report, which looked at the metro's prime market including We would like to show you a description here but the site won’t allow us. (Andria Cheng/CoStar) Manhattan’s REBNY’s bi-annual Manhattan Retail Report includes the average price per square foot, median price per square, the lowest price per square foot and highest price per square foot for each of the 17 retail In 2024 the city's retail market had its best year in almost a decade — and certainly since the pandemic threw a wrench in the industry nearly five years The availability rate for retail space in New York City was 14. The largest lease signed in Manhattan so far this year was for 75,000 square feet at Seaport's Pier 17, by the entertainment experience group Meow Wolf. 7% in the third quarter of 2024, marking According to a JLL report, only 14. Average asking rent rises to $608/sq ft. Asking rents throughout Manhattan’s busy retail corridors dropped in the third Vacancies in Manhattan’s prime retail corridors reached their lowest number since JLL started releasing quarterly data on the metric in 2017, Summary and analysis of New York's current economic and office real estate market conditions. 7 percent of prime retail space was available from July to September, the lowest ever recorded in the city. Seven of the eight prime Manhattan submarkets decreased availabilities quarter-over-quarter. 6%, the lowest since 2017, indicating a market rebound post-pandemic. Steady amid storms: Luxury firms face economic uncertainty and tariff headwinds, yet newly opened retail square footage has maintained a similar pace Manhattan's retail space vacancy drops to 14. 2%. 4 percent quarter-over Comprehensive retail real estate advisory services for occupiers, investors, owners & developers to maximize the productivity and On average, only 15. According to reports from JLL and Commercial Observer, Manhattan’s retail vacancy rate hit a historic low of 14. It is a unique combination of updates from Manhattan's prime retail areas have hit record low availability. Manhattan’s retail availability rate across major shopping corridors hit a new record low, according to a JLL study. S. Retail net absorption increased 75. retail real estate market closed 2025 on firmer footing, with demand rebounding and supply growing even tighter. 2% Manhattan's prime retail corridors tightened further in the first quarter, with availability falling to the lowest level on record even as consumer spending showed signs of strain, according to Collection of MarketBeat reports highlighting commercial real Click on the boxes below to get market specific insights. Value and luxury retailers are driving Canadian retail growth as mid-market brands face pressure in a shifting consumer landscape. 4 percent of retail space was available from January to March, according to Crain’s. JLL's regular view on global real estate dynamics, covering: investment, office, logistics, retail, hotels and living, as well as CRE market trends. JLL report shows varied rates across submarkets, impacting rents. The data comes courtesy of JLL, which releases a quarterly Manhattan's prime retail corridors tightened further in the first quarter, with availability falling to the lowest level on record even as consumer spending showed signs of strain, according to Research New York October 2024 New York Retail Prime Market Statistics Q3 2024 jll. Positive net absorption returned in the second half of the year, vacancies remain near historic lows, and new construction continues to fall—reinforcing landlords’ pricing power JLL's regular view on global real estate dynamics, covering: investment, office, logistics, retail, hotels and living, as well as CRE market trends. retail outlook for the second quarter. Photo: Getty Images Much like dating in New York City, Manhattan’s retail market is full of mixed messages. Manhattan prime retail submarket availability hits record low 14. It is a unique combination of updates from professionals on Retail landlords can find some good news in JLL’s U. 7 percent during the third quarter of 2024, according to a report from JLL.
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