Figures

Manhattan Retail Figures Q1 2026

April 8, 2026 10 Minute Read

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  • Average asking rent in Manhattan’s retail corridors was $682 per sq. ft.—2% above the prior quarter and up 3% year-over-year.
  • The taking rent index for the prime 16 retail corridors was 80.6%, down 20 basis points (bps) from the prior quarter but 10 bps above a year ago.
  • The number of direct ground floor availabilities across Manhattan’s 16 premier shopping corridors decreased to 172 from 173 —down 1% quarter-over-quarter and 9% below the year prior.
  • The rolling four-quarter aggregate leasing velocity, which measures total leasing (renewals and new leases) for the four prior quarters, was over 3.8 million sq. ft., down 3% from the prior quarter and 6% below the same period one year ago.