New York City’s retail landscape is changing, and one place that shift is especially visible is in its storefronts.
Large spaces once occupied by banks and drugstores are increasingly being divided among multiple businesses. As retailers rethink how much space they need, prime corner locations and expansive layouts are becoming less essential for some businesses.
The trend is explored in a report by The Real Deal titled “New York’s retail storefront strategy: cut it in half.”
Lilah Burke, a commercial reporter covering New York City for The Real Deal, joined “Mornings On 1” to discuss what’s driving the changes and what they mean for the city’s retail landscape.
Tap the video player above to watch the full interview.