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Manhattan Retail Vacancies Drop, Luxury Brands Commit Long-Term

2/5/2026

50 9 Full Breakdown

Summary

Story summary

A Real Estate Board of New York survey finds Manhattan retail vacancies fell across 16 prime corridors in the second half of 2025.
Union Square achieved a 91% storefront occupancy rate.
Times Square and Herald Square remain challenged, accounting for 60% of available storefronts.
Despite vacancies, luxury brands commit long-term, including Rolex's Fifth Avenue store.
Smaller retailers relocate to NoHo and Union Square due to tightened availability.

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Story summary

A Real Estate Board of New York survey finds Manhattan retail vacancies fell across 16 prime corridors in the second half of 2025.
Union Square achieved a 91% storefront occupancy rate.
Times Square and Herald Square remain challenged, accounting for 60% of available storefronts.
Despite vacancies, luxury brands commit long-term, including Rolex's Fifth Avenue store.
Smaller retailers relocate to NoHo and Union Square due to tightened availability.