In a recent Northeast Real Estate Business feature, SRS New York Market Leader Jon Spadafino highlights just how quickly the market has shifted back in landlords’ favor and what tenants need to do to compete.
🔑 Key Takeaways:
-New to market retailers are leasing aggressively, and prime availability across NYC is down ~5% YoY
-Tenants must be flexible on format. Smaller, multi-level, and reconfigured footprints are often the only path into top corridors.
-Former drugstore boxes are driving some of the most creative deals, with more landlords willing to divide space and target credit tenants at today’s rents.
The broader theme is clear: Brands that adapt their formats, embrace experience, and move decisively will find opportunity even in a tight market.
Read more at REBusinessOnline.com.