Manhattan’s retail industry was under pressure long before Covid-19 hit, hampered by the growth of e-commerce and shrinking demand for space. Now, there are even more challenges across the city — from Madison Avenue and Fifth Avenue to SoHo. In total, more than 250 ground-floor stores were available for rent in the third quarter, the most in data going back to 2015, according to brokerage CBRE Group Inc. With vacancies mounting, asking rents dropped for a 12th straight quarter.



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