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.

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