{"id":901,"date":"2018-01-08T16:09:20","date_gmt":"2018-01-08T16:09:20","guid":{"rendered":"http:\/\/www.leeassociatesnyc.com\/?post_type=post&amp;p=901"},"modified":"2018-01-08T16:09:20","modified_gmt":"2018-01-08T16:09:20","slug":"lee-nyc-manhattan-retail-fall-2017","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/new-york\/2018\/01\/08\/lee-nyc-manhattan-retail-fall-2017\/","title":{"rendered":"Lee NYC \u2013 Fall 2017 Manhattan Retail Report"},"content":{"rendered":"<p>The Manhattan retail leasing market is still in a corrective period. The increased rents of previous years are receding. Deals are still getting done, but they favor parties willing to be flexible with deal structure, uses, asking rent adjustments, and increased concession packages. The correction may prove healthy for both the short and long-term viability of the Manhattan retail leasing market. Per square foot ground floor retail asking rents declined year-over-year in 13 of the 17 high profile corridors. The most resilient corridors to this trend were the Flatiron Fifth Avenue corridor, where the ground floor retail average asking rent rose 15 percent to $449 psf year-over-year; and the Lower Manhattan Broadway corridor,where the average asking rent increased two percent year-over-year to $374 psf.<\/p>\n<p><a href=\"https:\/\/leeassociatesnyc.com\/wp-content\/uploads\/2018\/01\/Retail-Market-Report-Fall-2017-1.pdf\">Click here to download the complete report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Manhattan retail leasing market is still in a corrective period. The increased rents of previous years are receding. Deals are still getting done, but they favor parties willing to be flexible with deal structure, uses, asking rent adjustments, and increased concession packages. The correction may prove healthy for both the short and long-term viability of the Manhattan retail leasing market. Per square foot ground floor retail asking rents declined year-over-year in 13 of the&#8230;<\/p>\n","protected":false},"author":203,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,26],"tags":[],"class_list":["post-901","post","type-post","status-publish","format-standard","hentry","category-insights","category-reports-metrics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lee NYC \u2013 Fall 2017 Manhattan Retail Report - Lee &amp; Associates New York City<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/new-york\/2018\/01\/08\/lee-nyc-manhattan-retail-fall-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee NYC \u2013 Fall 2017 Manhattan Retail Report\" \/>\n<meta property=\"og:description\" content=\"The Manhattan retail leasing market is still in a corrective period. The increased rents of previous years are receding. Deals are still getting done, but they favor parties willing to be flexible with deal structure, uses, asking rent adjustments, and increased concession packages. The correction may prove healthy for both the short and long-term viability of the Manhattan retail leasing market. Per square foot ground floor retail asking rents declined year-over-year in 13 of the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/new-york\/2018\/01\/08\/lee-nyc-manhattan-retail-fall-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates New York City\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-08T16:09:20+00:00\" \/>\n<meta name=\"author\" content=\"Kas Xhakli\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kas Xhakli\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/2018\\\/01\\\/08\\\/lee-nyc-manhattan-retail-fall-2017\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/2018\\\/01\\\/08\\\/lee-nyc-manhattan-retail-fall-2017\\\/\"},\"author\":{\"name\":\"Kas Xhakli\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/#\\\/schema\\\/person\\\/41703dec08a71207097a3de765c4b952\"},\"headline\":\"Lee NYC \u2013 Fall 2017 Manhattan Retail Report\",\"datePublished\":\"2018-01-08T16:09:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/2018\\\/01\\\/08\\\/lee-nyc-manhattan-retail-fall-2017\\\/\"},\"wordCount\":133,\"articleSection\":[\"Insights\",\"Reports &amp; 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