This month’s Spotlight takes a closer look at this group of businesses and how it fared before, during, and after the pandemic. We focus on this large cluster’s composition, trends in employment and wage income, generated tax revenues, and the market for retail space.
Using administrative data from New York City property tax filings, this report provides a comprehensive measure of the vacant retail square footage, and the retail vacancy rate, for every neighborhood in New York City from 2007 to 2017 as well as average retail rent per occupied retail square foot.