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New York's Streets Are Full Again, and the Retail Numbers Prove It
New York City retail activity and foot traffic have rebounded, supported by quantified market data.
RetailNew YorkNew York
Updated 1 day agoPublished Unknown
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New York City retail activity and foot traffic have rebounded, supported by quantified market data.
Long Island's industrial market is experiencing further tightening driven by growing distribution demand across the northeast region.
Cannabis dispensaries are becoming established retail tenants in New York, displacing traditional retail categories like restaurants and clothing stores and emerging as a mainstay for landlords.
The luxury pied-à-terre is alive and well, despite any efforts to stifle — or excessively tax — it. While the second week of August saw a Staten Island Supreme Court judge block the rollout of New York City Mayor Zohran Mamdani’s pied-à-terre tax — a controversial surcharge on second homes worth more than $5…
Granite Point Mortgage Trust Inc. has refinanced the assets in its two remaining CRE CLOs, GPMT 2021-FL3 and GPMT 2021-FL4, on its JPMorgan Chase Bank, N.A. repurchase facility, which it recently extended to July 2028, with three one-year term extension options. In connection with the refinance, the company upsized…
PARAMUS, N.J., Aug. 03, 2026 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended June 30, 2026 today and reported:
Image Favorable supply and demand dynamics drive strong performance metrics for this new REIT.
New York City’s office-to-residential boom has been operating under a microscope for the past month, and that’s simply because office buildings have become too valuable to get wrong. That notion was on display again this week when the Department of Buildings issued a partial stop-work order at SL Green’s conversion…
You’re currently enjoying free access to this subscriber-only newsletter. If you find it valuable and want it delivered to your inbox every week, subscribe to TRD Data. Welcome to The Data Drop by TRD Data, a weekly look at the numbers shaping real estate. The New York City Department of Finance last week released…
New York City’s declines in international tourism over the past year since President Donald Trump assumed office are starting to affect Empire State Realty Trust (ESRT)’s finances. The real estate investment trust (REIT) reported second-quarter funds from operations (FFO) of $57 million, or 21 cents per share,…
Manhattan remained the primary driver of New York City’s investment sales market during the first half of 2026 with total dollar volume increasing 50% year-over year to $9.87 billion across 238 transactions, according to Ariel Property Advisors’ Manhattan 2026 Mid- Year Commercial Real Estate Trends report. The…
On July 14, New York Gov. Kathy Hochul signed the nation’s first statewide moratorium on the building of new hyperscale data centers, pausing all state environmental permits for up to one year. The purpose, according to the governor’s announcement, is to take the time to establish “a nation-leading regulatory…
New York's single-tenant retail market delinquency rate is more than double Los Angeles's. But the real story isn't how much distress exists, but what kind of distress it is. The New York City metropolitan statistical area (MSA) carries an 18.5% delinquency rate, compared with 8.0% in Los Angeles, the…
New York City investment sales dipped 10 percent over the second quarter of 2026, according to Avison Young’s latest property sales report. Under the hood, however, the city’s commercial real estate market is barreling past its 2025 pace. Overall investment sales in New York City rose annually by 60 percent in the…
It’s been well documented and much lamented just how few ground-up residential units are being developed and constructed in New York City due to the limitations of 485-x, a 2-year-old state tax incentive that appears to guide most developers to a 99-unit limit on new multifamily buildings in much of the city in…
Area 15 in Las Vegas is a retail and entertainment complex featuring shops and food and beverage outlets in addition to attractions that take the complex far beyond traditional retail. Inside Area 15, which New York-based Fisher Brothers developed, Interstellar Arc bills itself as “the world’s largest VR…
Class A vacancy in prime Manhattan submarkets returned to pre-pandemic levels below 4% and rent growth neared 5%, while softer job growth pressures lower-income and rent-regulated apartments.
Finance and tech momentum aids core office districts, reigniting investor appetite.
Retail recovery diverges by borough as capital flows approach peak levels.
Wolf Commercial Real Estate provides a comprehensive analysis of commercial real estate conditions across Southern New Jersey, Philadelphia, Northern New Jersey, and New York Metro markets.
New York's governor signed an executive order establishing a one-year moratorium on data-center development projects with power capacities of 50 megawatts or more.
This is a market report published by CBRE in September 2025 covering data center trends in the first half of 2025 for the New York Tri-State region. The report addresses the data center sector across New York and broader national geography.
This is a national self-storage market report published by Yardi Matrix in April 2025 covering multiple U.S. markets including Washington D.C., Chicago, San Francisco, New York, and Boston. The report presents data and figures on the self-storage sector.
This is a market report published by CBRE in April 2025 covering the life sciences sector in the New York City market. The report is part of CBRE's Global Life Sciences Atlas series and includes geographic focus on New York State and national scope.
New York City multifamily sales totaled $2.46 billion across 298 transactions in the second quarter of 2026, representing a 25% year-over-year increase in dollar volume but 4% decline in transaction volume compared to Q2 2025, Ariel Property Advisors reported. The number of properties traded was down 11% Y-O-Y to…
This is a market report published by Commercial Observer in July 2026 examining the hotel sector in New York City and its recovery trajectory relative to pre-pandemic performance levels. The report addresses capital markets and hospitality sector dynamics in New York.
New York Gov. Kathy Hochul on Tuesday signed an executive order to create the nation’s first moratorium on new hyperscale data centers. The order temporarily pauses state environmental permits for up to one year in order to build a regulatory framework that protects ratepayers, the environment, the energy grid and…
New York State remains one of the nation’s largest economic engines, but growth increasingly is concentrated downstate and in a few upstate urbanized employment centers, the Citizens Budget Commission (CBC) reported Monday. Outside the opportunity corridor, encompassing the New York City metro area and the Capital…
It’s not just New York and California — the office market is getting healthier across the country.
West Palm Beach, FL, where the typical luxury home costs 8.9 times more than the typical non luxury home, has the nation’s biggest luxury home price premium. Next comes Miami, with a median luxury-to-non luxury home price ratio of 8.8, and New York City, where the typical luxury home costs 5.5 times the typical non…
Analysis of the Newark Airport hotel submarket's recovery trajectory following pandemic-related disruptions, examining supply changes and passenger rebound impacts.
The New York (NYC) metro medical office market (MOB), which saw its occupancy rate fall as a result of the Covid-19 outbreak, is now on the rebound. NYC’s MOB market, prior to the pandemic was extremely tight and hovered around 94%. The post The New York Metro MOB Market is on the Upswing! appeared first on…
Home prices rose 0.3% month over month on a seasonally adjusted basis. Prices rose 2.5% on a year-over-year basis–the fastest growth rate in six months. On a local level, prices rose in 29 major metros month over month, with the biggest increases in Cleveland, Providence and New York. This is based on the Redfin…
Like other legislatures around the United States, the New York State Legislature spent the first half of this year considering policy on controversial topics that affect commercial real estate development. When both chambers adjourned their 2026 legislative session in early June, two bills they had passed…
NYC life sciences vacancy declined modestly to 31.8% (from 33.7% in Q4 2024); over a quarter of inventory remains vacant.
Enterprise and National Equity Fund analyze 400+ affordable properties showing rising operating expenses, reduced rent collection, and surging insurance rates threatening NY's stock.
This is a quarterly market report on the Manhattan office sector published by Colliers on March 31, 2026, covering the first quarter of 2026.
This is a first-quarter 2026 data report published by CBRE presenting office market figures for Manhattan's Midtown submarket in New York.
Manhattan's office market in Q1 2026 experienced historic leasing momentum with total new leasing reaching 9.5 million square feet (the highest quarterly total since Q2 2019) and combined new and renewal leasing soaring to 13.2 million square feet, a 36.1% year-over-year increase, while the overall vacancy rate declined to 19.9%—its lowest level since Q3 2021. Key transactions included Bank of America's 2.1 million square foot renewal and expansion at One Bryant Park and American Express's nearly 2.0 million square foot commitment at Two World Trade Center, with Class A asking rents edging up to $83.25 per square foot amid broader employment growth that added 15,700 jobs since Q3 2025.
Manhattan's office market in the first quarter of 2026 showed significant improvement, with available space declining for eight consecutive quarters to 14.6% from 19.5%, leasing activity reaching 12.9 MSF—the highest since Q4 2019—and overall asking rents growing to $78.25 per square foot, though remaining 4.2% below pre-pandemic levels. Tech and media sector requirements hit a decade-high of 8.8 MSF with artificial intelligence firms representing 22.1% of that demand, while office-using employment remained below December 2024 peaks as unemployment rose to 5.5% amid economic uncertainty.
Manhattan's retail market in Q1 2026 transacted over 1.2 million square feet with availability reaching a record low of 10.8%, driven by strong leasing momentum across corridors including Upper Madison Avenue at 3.4% availability and significant growth in food and beverage and apparel tenants. Market fundamentals remained supportive with median household income at $111,200 (up 3.2% year-over-year), tourism forecasted at 66.3 million visitors for 2026, and six of eleven submarkets recording rent increases, including Upper Fifth Avenue up 11.1% to $2,447 per square foot.
This is a data and figures report published by CBRE on March 31, 2026, presenting first-quarter office market metrics for Manhattan. The report covers office sector information at local and national geographic levels.
This is a quarterly report published by CBRE on March 31, 2026, presenting retail market figures and data for Manhattan in the first quarter of 2026.
This is a data and figures report published by CBRE on December 31, 2025, presenting industrial and logistics market information for New York City in the fourth quarter of 2025. The report covers the industrial sector with geographic focus on New York City and New York State.
The key reports this week are December CPI, Existing Home Sales and November Retail Sales. Also, New Home Sales for September and October will be released. For manufacturing, the December Industrial Production report and the January New York and Philly Fed manufacturing surveys will be released. …
The New York edition tracks Manhattan office leasing and absorption, with same-asset rents up 2.2% over the past year, among the strongest of major U.S. markets.
The October 2025 VTS Office Demand Index reports San Francisco became the top US office market with a VODI of 123, up 112 percent annually, versus New York at 78. Nationally, demand rose 16 percent year over year while declining 4 percent quarter over quarter.
Moody's monthly update examined New York office vacancy dynamics, noting Midtown's return toward pre-pandemic rent levels even as elevated interest rates weighed on the broader market.
VTS sets out its 2025 office leasing prediction outlook, drawing on the VODI to project demand trends, with New York positioned to lead major US markets in expected leasing volume.