Manhattan’s Retail Renaissance: Newcomers Flock To The Big Apple Post-Pandemic

After the COVID-19 pandemic subsided, an array of retailers opened shop for the first time in Manhattan, the bustling heart of New York City, to take advantage of the return of international tourism and consumer demand for luxury and leisure. Retailers were drawn to New York because of the abundant supply of vacant storefronts, generous concessions, flexible lease terms and percentage-rent lease structures. Retailers opening their first shops in Manhattan signed more than 1.56 million square fee