New York City's retail segment is off to a solid start in 2025, according to JLL's first quarter report, which looked at the metro's prime market including areas such as Times Square, Madison Avenue, SoHo, Williamsburg, and the Meatpacking District.
The first three months of the year were highlighted by the availability rate dropping to 14.6 percent, representing the lowest levels on record, dating back to the third quarter of 2017. Availability averaged 20.1 percent in 2019 and 15.1 percent in 2024.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
