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NYC retail leases reach ‘turning point’ as tourists, office workers return

Por: New York Post Business October 17, 2022

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Never mind the empty former Barneys building, the long-vacant Times Square corner of 701 Broadway at West 47th Street and all those other dark storefronts. Manhattan’s pandemic-battered retail leasing market has at last turned a corner, according to a cheery new third-quarter report from CBRE.   The “turning point” included such improved metrics as an average asking-rent uptick (2.2%) over the previous quarter, a significant barometer of... + full article



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