new york Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Matthews
Quarterly retail market indicators for new york, aggregated by CREhunt from Matthews. As of Q1 2026, average asking rent was $54.30/SF/yr and vacancy was 4.2%, per Matthews.
Projected current retail pricing — new york
Projected asking rent
$54.30–$55.07/SF/yr
Estimated sale value
$545–$698/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Matthews data (cap rate 6.2%, asking rent trend-adjusted to today). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Matthews | $54.30/SF/yr | 4.2% | 47K SF | — | Matthews |
| Q4 2025 Matthews | $47.86/SF/yr | 4.2% | 80K SF | — | Matthews |
Frequently asked questions
- What is the average asking rent for retail space in new york?
- As of Q1 2026, the average asking rent for retail space in new york was $54.30/SF/yr, per Matthews.
- What is the retail vacancy rate in new york?
- The retail vacancy rate in new york was 4.2% as of Q1 2026 (Matthews).
- Where does CREhunt's new york market data come from?
- This report aggregates quarterly retail market data for new york from Matthews.
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