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Manhattan's retail market ticks up toward rebound

4 monthes ago   |   By The Real Deal New York

Manhattan's retail market is slowly making a comeback. Retail leasing velocity increased in the fourth quarter of 2021, according to a report by CBRE, as the rolling four-quarter aggregate leasing velocity - which measures renewals and new leases for the four prior quarters - rose to approximately 1.86 million square feet. The figure is up 17 percent from the prior quarter, but still 14 percent below the prior year. The number of direct ground-floor availabilities
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