NEW YORK CITY—"Opportunity." That's how Lee & Associates' Greg Tannor defines the Manhattan retail picture. That is, opportunity for tenants, "not so much for investors," he tells GlobeSt.com in this exclusive video interview from the show floor of the ICSC Deal Making Conference.
Cross the bridge to Brooklyn, however, and as Jaime Shultz reports, "every single major developer in New York City is now in Brooklyn." What a change from a decade ago.
The duo also covers:
- The changes in retail dynamics as we move from Manhattan submarket to submarket.
- How the Manhattan leasing picture has changed the leasing picture in favor of tenants.
- What the headlines for Manhattan and the boroughs will be for 2020.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
