Manhattan’s retail availability grew 24.4% in the first three months of 2017

As storefronts across Manhattan continue to go dark, there was a nearly 25 percent increase in the number of available spaces at the end of March than there had been three months earlier. The increase in availability should continue to put further downward pressure on asking rents, which have been in decline since early 2014 following a period of unprecedented growth when prices nearly doubled in the span of just two years, according to CBRE’s […] Read More >>