New York City presents a huge opportunity for many businesses to grow, given the market size. While those involved in CRE have generally seen a slowdown in activity — New York has been an exception — particularly when it comes to retail.
Avison Young's Brent Glodowski (director in Tri-State investment sales group) and James Nelson (principal and head of Tri-State investment sales) weighed in with GlobeSt. to explain why The Big Apple is standing out right now when it comes to retail. Interestingly, it all starts with strong office recovery since the pandemic, which is leading to a chain reaction.
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