The number of chain stores in New York City declined by 3.7% to 7,832 locations over the past year, the Center for an Urban Future (CUF) said in its annual analysis of the city’s chain retailers. It represented the largest year-over-year drop in national retail locations since the CUF began keeping track more than a decade ago.
The second consecutive year of Y-O-Y declines, 2019 was also the first in which the declines were seen across all five boroughs. Queens’ chain-store count ebbed by 4.9%, the sharpest annual decline on record citywide.
More national retailers shrunk their New York City footprints than grew them in 2019, the CUF said. The latest analysis also showed that the declines were more broad-based than in 2018, now including food retailers as well.
Among 2019’s gainers was Dunkin Donuts, the city’s biggest chain for 12 years running.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).