2021 Lawyers in Real Estate Awards
Last year, the Connect CRE team followed up our well-received Next Generation Awards and Women in Real Estate Awards with the inaugural Lawyers in Real Estate Awards. For...
2021 Women in Real Estate
Announcing the 2021 Winners for the Connect CRE Women in Real Estate Awards.
From hundreds of submissions, we have highlighted women with achievements and...
2021 Next Generation Awards
Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry,...
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Brooklyn’s retail sector has reached a “tipping point,” according to “Brooklyn: Residential Construction Boosts Retail,” the latest research report from GFI Realty Services.
“National retailers are not just comfortable entering the Brooklyn market – it’s become an absolute ‘must’ for many,” said Justin Fitzsimmons, research analyst of GFI.
For example, in the first quarter of this year, retail rents grew 8% to approximately $325-per-square-foot on the Fulton St. corridor, between Flatbush Ave. and Boerum Pl., compared to the year before.
“Throughout most of the country, retailers are dealing with new realities by reducing their footprints or closing stores altogether. In Brooklyn, though, there’s a strong correlation between the rise in retail and an incredibly flush residential pipeline.”