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Retail rent

Rents for New York retail space haven’t caught up to pre-pandemic highs

by Samantha Fields
Jan 23, 2024
Retail rents in Manhattan in late 2023 were still 20% to 30% below 2019 levels, thanks in part to fewer tourists and office workers.
"Some of the retail corridors like Fifth Avenue and Times Square have a little bit more vacancy than they did," said Keith DeCoster of the Real Estate Board of New York.
Alexi Rosenfeld/Getty Images
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COVID-19

What will happen to New York's sky high rents?

by Sabri Ben-Achour
Jul 2, 2020
Some are getting breaks on commercial and residential rent, but it won't last forever.
A banner calling for New York Gov. Cuomo to cancel rent in May as people struggle to pay rent during the COVID-19 pandemic.
Stephanie Keith/Getty Images
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