Q4 BROOKLYN Retail Report

Retail leasing is at a five-year high, driven by strong consumer spending and limited new construction. Despite theft-driven closures from large national tenants, demand for retail space remains strong, with over 52M SF leased from April to July 2024. Landlords are leveraging high demand to increase rents. Discount and luxury retailers are thriving, but middle-market brands face challenges as consumer spending habits evolve.

OFFICE LEASINGCOMMERCIAL REAL ESTATETENANT REPRESENTATION