Uptown Madison Avenue, lower Fifth Avenue, and \u2014 surprisingly \u2014 a fashionable stretch of Bleecker Street are Manhattan’s hottest retail blocks, according to a revealing new survey of the second half of 2024 by the Real Estate Board of New York.<\/p>\n
The report shows renewed leasing energy fueled by fashion stores new to the city, such as Boggi Milano at 527 Madison, which accounted for 20% of major recent deals.<\/p>\n
Madison Avenue and Soho remain most in demand. The few availabilities drew multiple offers from investors such as Blackstone, which bought four Soho locations for $200 million.<\/p>\n
Seven blocks of Bleecker Street in the West Village, from Seventh Avenue to Hudson Street, are nearly fully leased.<\/p>\n
Nearly all Madison Avenue storefronts on Madison between 60th and 76th streets are leased, including to Giorgio Armani and Van Cleef & Arpels.<\/p>\n
Tishman Speyer announced that Rockefeller Center’s retail space is fully leased. A new Eataly Cafe will open this year.<\/h3>\n
Sl Green’s One Madison, IBM’s new home, boosted the Flatiron District’s eastern portion. All of the tower’s storefronts are leased, including to Daniel Boulud’s La Tete D’or steakhouse.<\/p>\n
But weakness persists on Midtown Third Avenue and in Times Square and Herald Square.<\/p>\n
Times Square and Herald Square have struggled to maintain leasing momentum. Most of the new deals were for fast food restaurants and small, tourist-oriented shops.<\/p>\n
Brooks Brothers’ 10,000-square-foot lease at landmarked 195 Broadway is one of FiDi’s largest apparel commitments in years, but it remains to be seen if others will follow.<\/p>\n
The report highlights the resilience of the retail market, with a strong second half of 2024 driven by multiple tailwinds, including a strong jobs market, healthy tourism, and back-to-office momentum. While there are areas of weakness, such as Times Square and Herald Square, other areas like Madison Avenue and Bleecker Street are thriving.<\/p>\n
Q: What are the hottest retail corridors in Manhattan?<\/p>\n
A: Uptown Madison Avenue, lower Fifth Avenue, and Bleecker Street are the hottest retail corridors in Manhattan, according to REBNY’s report.<\/p>\n
Q: What is the current state of the retail market?<\/p>\n
A: The retail market is experiencing a resurgence, driven by a strong jobs market, healthy tourism, and back-to-office momentum, according to REBNY’s report.<\/p>\n
Q: Are there any areas of weakness in the retail market?<\/p>\n
A: Yes, areas such as Times Square and Herald Square have struggled to maintain leasing momentum, with most new deals being for fast food restaurants and small, tourist-oriented shops.<\/p>\n","protected":false},"excerpt":{"rendered":"
NYC Retail Leasing Sizzles Along Madison Avenue, Bleecker Street \u2014 But Cools in These Tourist Zones Uptown Madison Avenue, lower Fifth Avenue, and \u2014 surprisingly \u2014 a fashionable stretch of Bleecker Street are Manhattan’s hottest retail blocks, according to a revealing new survey of the second half of 2024 by the Real Estate Board of […]<\/p>\n","protected":false},"author":6,"featured_media":12684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-12683","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate"},"jetpack_featured_media_url":"https:\/\/i3.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/02\/527-madison-avenue-99095168_f6df23.jpg?quality=75&strip=all&w=1024&w=1024&resize=1024,682&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/12683"}],"collection":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/comments?post=12683"}],"version-history":[{"count":1,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/12683\/revisions"}],"predecessor-version":[{"id":12685,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/posts\/12683\/revisions\/12685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/media\/12684"}],"wp:attachment":[{"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/media?parent=12683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/categories?post=12683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citystuff.com\/new-york\/wp-json\/wp\/v2\/tags?post=12683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}