✉news BusinessRetail first seen 13 d ago, last 13 d ago, peak #29
Banks squeeze into Manhattan's tightest retail market on record
Original: Banks squeeze into Manhattan’s tightest retail market on record
Banks are expanding their retail branch presence in Manhattan even as the borough faces its tightest retail leasing market on record. With fewer vacant storefronts available, financial institutions are competing for limited ground-floor space, driving up competition with other retailers and reshaping the street-level landscape in prime Manhattan corridors.
Why now: Record-low retail availability in Manhattan is pushing banks to compete for scarce storefront space, a notable twist in commercial real estate.
Evidence
- Banks squeeze into Manhattan’s tightest retail market on record · Institutional Real Estate, Inc.
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