Retail asking rents show signs of recovery – Robert Khodadadian

New York City’s office occupancy this month hit its highest level since the pandemic, and the retail market appears to be on a similar road to recovery. The average asking rent in March increased 2.9 percent year over year, according to a quarterly retail report from Marcus & Millichap. The average asking rent in the city was $57.96 per square foot. Three of the four outer boroughs had average asking rents that exceeded year-end 2018

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, marcus millichap, NYC Retail Market, Retail The Real Deal New York Read More