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 Yorkers have gotten vaccinated and stepped back to their normal lives,” said CBRE’s northeast senior director of research and analysis, Nicole LaRusso. “For NYC retailers, especially those in the heart of Midtown and Downtown business districts, demand is improving, but there is still a way to go before things feel ‘normal’ again.”