Figures

Manhattan Retail Figures Q2 2026

July 9, 2026 10 Minute Read

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  • Average asking rent in Manhattan’s retail corridors was $678 per sq. ft.—1% below the prior quarter but up 1% year-over-year.

 

  • The taking rent index for the prime 16 retail corridors was 84.0%, up 340 basis points (bps) from the prior quarter and 310 bps above a year ago.

 

  • The number of direct ground floor availabilities across Manhattan’s 16 premier shopping corridors decreased to 170 from 172 —down 1% quarter-over-quarter and 8% 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 nearly 3.7 million sq. ft., down 5% from the prior quarter and 16% below the same period one year ago.