November 25, 2014

Terzi of TerraCRG discusses trends in leasing

Over the past few years, Manhattan establishments have been looking to expand into the Brooklyn market. Retailers such as J. Crew, Nordstrom, Shake Shack, and Whole Foods are several of the nationally known retailers to make the move. We are also seeing retailers adjust to the Brooklyn market by adjusting the footprints of the stores. National and local retailers will continue to open locations throughout Brooklyn due to the affordable retail rents, compared to Manhattan, and the favorable demographics.