The Real Deal New York

Talk of froth as retail leasing costs keep rising

Big deals may be overshadowing signs of overreach on rents

June 11, 2015 12:10PM
By Rich Bockmann


On the left: Savanna’s $86 million purchase of a Meatpacking District retail property at 10th Avenue and 14th Street. Vacancies are rising on Broadway in Soho, right.

From the June issue: Attention-grabbing deals for large retail spaces are distracting from awareness of the fact that pockets of vacancies in some areas of the city may indicate that rents have topped out, and could be heading for a correction. [more]