Negotiating brings a new reality

Some variation across the city is evident in CRBE’s reporting across the board; landlords are open to negotiations more than ever before, with retail real estate deals closing for 14% less than the asking rent on average.  Generous concessions by landlords...

The New York retail landscape forever changed

For retail businesses who have held fast since the pandemic began, a brightening of the horizon keeps them moving forward. These retailers adopted a new approach to business and brick-and-mortar storefronts. “The retail climate has improved noticeably as New...