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Manhattan, NY : retail snapshot - Q4 2014

A research produced by

 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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