New York, Los Angeles and Miami lead leasing in major North American retail corridors

Tourism comeback, back-to-office mandate boost markets, JLL says.

Linda Moss
02.5.26

New York, Los Angeles and Miami lead leasing in major North American retail corridors

Uniqlo spent roughly $350 million in acquiring part of its 91,000-square-foot flagship store at 660 Fifth Ave., along a prime urban retail corridor, in January, according to JLL. (CoStar)

Prime urban retail corridors have made a vibrant comeback in the aftermath of the pandemic, with New York, Los Angeles and Miami leading the way, according to the real estate firm JLL.

“These three markets have created self-reinforcing retail ecosystems that continue to attract the highest-caliber investment,” the brokerage said in a report it released Wednesday during the annual ICSC conference in New York.

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