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New York's retail sector on verge of leasing milestone

Annual retail leasing on pace to exceed 10 million square feet for fourth-straight year
Increased tourism continues to drive retail leasing, with spaces in Times Square continuing to fill up. (CoStar)
Increased tourism continues to drive retail leasing, with spaces in Times Square continuing to fill up. (CoStar)
CoStar Analytics
November 7, 2024 | 5:05 P.M.

Never in New York's history has leasing surpassed 10 million square feet for four-consecutive years. From 2016 to 2018, retail leasing in New York surpassed 10 million square feet, but fell just short in 2019 with 9.1 million square feet leased.

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