Over 90% of retail sales occur in brick-and-mortar stores

A weekly feature bringing you the industry’s latest intel

TRD New York /
Aug.August 31, 2017 09:00 AM

Credit: CBRE

According to this week’s market reports, over 90 percent of retail sales occur in brick-and-mortar stores, and by one measure, one-bedroom rents in New York are down 9 percent year-over-year.

Residential

Luxury sales | Olshan Realty
Fifteen residential contracts were signed last week at $4 million and above, the ninth consecutive week with fewer than 20 luxury sales. The total asking dollar volume was $100 million. Read the full report here.

Rental report | Zumper

Rents dropped in New York by 3 percent in September, for one and two-bedrooms, compared with the previous month. One-bedroom rents have decreased by 9 percent year-over-year. Read the full report here.

Rental report | StreetEasy
Residential rents rose slightly in July in Brooklyn, Queens and Manhattan. Discounts were offered in 32 percent of Brooklyn rentals, and 36 percent in Manhattan, down from nearly 50 percent in both boroughs in the fall. Read the full report here.

Commercial

Retail report | CBRE
Over 90 percent of retail sales occur in brick-and-mortar stores, and more than 50 percent of online sales are made by brick-and-mortar brands, indicating that traditional retailers may be in a less dire position than previously thought. Read the full report here.


Related Articles

arrow_forward_ios
Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

From left: Pavel Fuks, Michael Cohen, Felix Sater, and Donald Trump (Credit: Getty Images and Wikipedia)

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Rodrigo Niño (Credit: Prodigy Network and iStock)

Embattled Prodigy Network CEO Rodrigo Niño to step down

arrow_forward_ios