New York City Area Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from , , Colliers
Quarterly retail market indicators for New York City Area, aggregated by CREhunt from , , Colliers. As of Q1 2026, average asking rent was $54.00/SF with a 4.2% vacancy rate.
Projected current retail pricing — New York City Area
Projected asking rent
$54.00/SF/yr
Estimated sale value
$542–$684/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 reported data (cap rate 6.2%, asking rent held flat). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $54.00/SF | 4.2% | 0K SF | — | |
| Q4 2025 | $47.86/SF | 4.2% | — | — | |
| Q1 2025 | $20.76/SF | 4.6% | 159K SF | — | |
| Q4 2020 | $42.00/SF | 18.0% | -504K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for retail space in New York City Area?
- As of Q1 2026, the average asking rent for retail space in New York City Area was $54.00/SF.
- What is the retail vacancy rate in New York City Area?
- The retail vacancy rate in New York City Area was 4.2% as of Q1 2026.
- Where does CREhunt's New York City Area market data come from?
- This report aggregates quarterly retail market data for New York City Area from Colliers.
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