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New York’s retail availability rate drops to a record low, study finds

Level falls below 2019 pre-pandemic mark
New York's third-quarter retail availability rate has dropped to a record low, according to JLL. (Getty Images)
New York's third-quarter retail availability rate has dropped to a record low, according to JLL. (Getty Images)
CoStar News
October 4, 2024 | 9:30 P.M.

New York’s office sector may still be struggling with near-record-high vacancies despite signs of improvement, but its retail counterpart’s recovery from the hit of the pandemic looks to be moving much further along.

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