NEW YORK CITY—In the most recent installment of the Knakal News Network, Massey Knakal Chairman Robert Knakal looks at New York City's 2013 Retail sales market.

Staying consistent with the other sectors for 2013—sales numbers dipped across New York compared to the previous year—retail was no exception: the threat of a capital gains tax increase that impacted the rest of the market found retail space especially "sensitive," Knakal finds. Still, Knakal sees reason to believe 2013 was an outlier, and when put into historical context, retail looks to be right on track.

Knakal further breaks down the numbers for Manhattan and the other submarkets, showing data for which market saw the most growth by square feet, explains how the Bronx was such a surprise and by which metric Queens held strong, examining the breakdown for each submarket by dollar volume, square feet and price per square foot. Knakal then explains how these numbers trend for 2014.

To see the full video, "Retail Property Sales Market Recap 2013," click here. For other episodes of the Knakal News Network, click here.


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Geoffery Metz

Geoffery Metz is the content manager for ALM's, Credit Union Times and Treasury & Risk. Before joining ALM, he spent several years overseeing the newsroom at the financial wire service Business Wire, with special focus on multimedia presentation for the web.