Retail rents rising in Brooklyn due to influx of national brands July 21, 2017

Real Estate Weekly | July 19, 2017

By Holly Dutton

Retail rents are surging in popular Brooklyn neighborhoods where new residential development is expected to push the sector to a “tipping point” that will see more national brands enter the borough.
“As new shops are introduced to the area, a new different style of shopping and different style of demographic is coming into the area,” said Justin Fitzsimmons, a research analyst at GFI Realty which just released a report on retail in Brooklyn.

“We’re seeing Banana Republic, Gap, Shake Shack, Dekalb Food Market – the correlation we found is that a strong