Figures

Manhattan Retail Figures Q3 2026

October 7, 2026 10 Minute Read

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  • Average asking rent in Manhattan’s retail corridors was $707 per sq. ft., 4% above the prior quarter and up 5% year-over-year.
  • The taking rent index for the prime 16 retail corridors was 85.6%, up 160 basis points (bps) from the prior quarter and 430 bps above a year ago.
  • The number of direct ground floor availabilities across Manhattan’s 16 premier shopping corridors decreased to 151 from 170, down 11% quarter-over-quarter and 12% 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 3.5 million sq. ft., down 5% from the prior quarter and 22% below the same period one year ago.