Market Beat

Manhattan, NY : retail snapshot - Q4 2014

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 New York City (NYC) continued to record healthy employment growth in the fourth quarter. Total employment increased by 7,800 jobs from September through November (latest available) including 1,900 in office-using sectors. Through November, the city added approximately 75,000 jobs, with office-using employment increasing by 20,000.

As it has been throughout the recovery, much of the growth in office-using jobs has been in the technology, advertising, media and information (TAMI) industries. In the first eleven months of 2014, these industries added 7,800 jobs, or 40.0% of all the office-using jobs added. Overall, NYC remains one of the best performing metropolitan areas in the U.S. and is expected to continue to grow at a strong pace in 2015. We remain confident that consumers will continue to increase spending at a healthy pace, which will boost the need for retail space.

Source : Cushman & Wakefield

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Mots-clés : Cushman & Wakefield