Manhattan retail lease rebound continues — but prime storefronts remain vacant
Real Estate
Manhattan retail leasing rebounded smartly from the pandemic and continues to strengthen , according to a detailed survey by the Real Estate Board of New York. Many fewer storefronts in 16 prime “corridors” tracked by the organization were vacant in the second half of 2025 than in the previous six months as Soho, Flatiron and upper Madison Avenue bucked the trend of stagnant or falling rents. But the improvement might not be immediately visible because the areas with the most vacancies include
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