Every industry has seen the impact of the digital revolution and retail is no exception. Traditional retail is morphing, in an attempt to go beyond yet another frontier. This is happening quickly in NYC, where residents live a fast-paced, constantly-evolving lifestyle, but it is also apparent on a national level.
East Harlem has undeniably been one of Northern Manhattan’s hottest real estate markets due primarily to its relative affordability and upside potential. While the historic neighborhood’s popularity with developers has waned in 2018, it is positioned to rebound sharply in the years ahead as investors fully digest the wide-ranging impact of recent rezoning and government-designated status as an “Economic Opportunity Zone.”