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According to a report published by Jones Lang LaSalle (JLL), investor interest has driven a $2.4 billion surge in U.S. urban retail investment in the past year, a five-year high. A significant portion of this investment landed in SoHo, which had “the highest number of openings of diverse apparel and accessory concepts—” particularly from international brands— “cementing its status as a premier global shopping destination.”
JLL goes on to note that “leveraging SoHo’s branding and postpandemic footfall surge, an influx of U.S. and international concepts − first-to-market names, streetwear labels, and contemporary fashion brands alongside luxury and accessible luxury retailers − have kept vacancy low in the corridor.”
The Initiative is pleased to see these continued positive trends in the district and neighborhood’s truly world-class retail market as we work to create an environment that is clean and attractive for all of our diverse stakeholders, including retail businesses, workers, and patrons.
Read more in JLL’s City Retail 2025 report here.
Commercial Observer: SoHo Named North America’s Most Active Retail Corridor in 2024
