retail
Manhattan Retail Leasing Strong, Rent Growth Slow
Manhattan’s retail leasing market experienced a strong rebound in the second half of 2024, driven by a combination of factors, including a thriving job market, near-record levels of tourism, and […]
Read More....Study finds New York Retail Availability Hits Record Low
New York’s office sector continues to face high vacancy rates, but the retail market is seeing a stronger recovery from the pandemic. According to a JLL study, retail availability in […]
Read More....Expanding Retailers Actively Seek New Locations
Retailers overcame various economic challenges and signed leases for over 52 million square feet in the second quarter, marking a more than 10% increase from the average of the past […]
Read More....Macy’s Closures to Spark Significant Changes at Shopping Malls
Macy’s decision to close nearly a third of its stores will lead to significant changes in malls and communities across the U.S., with some transformations likely surprising shoppers. In late […]
Read More....Three Key Business Types Largely Driving Retail Demand Resurgence
Despite headlines focusing on recent store closures, the overall U.S. retail sector has experienced a resurgence over the past couple of years. Vacancy rates have declined, and rents have risen […]
Read More....Manhattan Office Tower with Saks Flagship Eyes Residential Conversion
The owner of a building adjacent to New York’s iconic Saks Fifth Avenue flagship store seeks a permit to convert its office space to residential units. The 38-story building, located […]
Read More....Center City’s Outdoor Dining Now Surpasses Pre-Pandemic Levels
The latest State of Center City report unveils positive trends for the district, encompassing key landmarks such as City Hall, the Pennsylvania Convention Center, and the Ensemble Arts campus. Retail […]
Read More....Price Gaps Worsening
Surprise fees persist, sneaking onto bills from concerts to dining outings. Retail analysts note a trend of companies unbundling costs, such as adding a credit card swipe fee or extra […]
Read More....Under a New New York Budget Agreement, Unlicensed Cannabis Shops Will Face Closure
New York State is taking a firm stance against retailers and landlords disregarding cannabis regulations. Despite delays in permit issuance resulting in a surge of unlicensed weed shops, Governor Kathy […]
Read More....Philadelphia’s Retail Sector is the Sole Property Type Experiencing a Reduction in Vacancy
Between the first quarters of 2020 and 2024, the Philadelphia commercial real estate market exhibited diverse trends in its major sectors—retail, industrial, multifamily, and office. Retail defied expectations, experiencing consistent […]
Read More....Rising Retail Capitalization Rates Amid Sustained Consumer Demand
After a period of price discovery, the Philadelphia region is adjusting to a new valuation standard for commercial real estate assets. Recent transactions indicate that the higher interest rates of […]
Read More....New York Metro: 2023 Year in Review
As we reflect on the New York Metro’s 2023 journey in both retail and office sectors, it’s clear that challenges persist but so do opportunities. While the office market declined […]
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