Family Office Briefing on research byLee & Associates·Oct 29, 2024
2024 Q3 New York, NY - Retail
This report provides an overview of the retail market in New York City for Q3 2024.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 5.30% |
| 12 Mo. Net Absorption SF | 313,498SF |
| Avg NNN Asking Rate PSF | $132.94PSF |
| Sale Price PSF | $575.44PSF |
| Cap Rate | 7.0% |
| Under Construction SF | 302,067SF |
| Inventory SF | 58,856,975SF |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Lee & Associates
Building a thesis around New York? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent retail strategies.
Peer Network · By Invitation
The Thesis Exchange
Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.