Garry Steinberg of Lee & Associates
NEW YORK CITY – Retail flagship stores continue to spring up all over Williamsburg, Brooklyn. To compete for and cater to residents in what is one of Brooklyn's most expensive submarkets, new and existing retailers are innovating their offerings outside of their traditional lane.
Williamsburg retail leasing has been resilient through the L-train shutdown that transitioned to a "slowdown" when New York Gov. Andrew Cuomo remixed the 18-month renovation. Uninhibited from further growth prospects, retail leasing is brisker than ever in the submarket, which is commonly known as the poster child for gentrifying, and "cool street" neighborhoods nationwide. And to this day, its big-name helped bring in the most sought after retailers.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
