From the May issue: Despite signs of a slowdown on several prime avenues, New York City retail investors are invading the market everywhere from Broadway in Soho to Bedford Avenue in Williamsburg.
And it’s not just the household names competing on deals.
In 2015, the NYC retail industry raked in $10.6 billion in investment sales deals — $7.6 billion in Manhattan alone, according to Real Capital Analytics data. That’s a 16.5 percent increase over the $9.1 billion in transactions in 2014. [more]