NEW YORK CITY—The Real Estate Board of New York reports that the overall average asking rent for retail ground floor space throughout Manhattan is now $149-per-square foot, up from $130-per-square-foot recorded in the fall of 2013.

REBNY in its Fall 2014 Retail Report states that rents in 13 of the 17 retail corridors in Manhattan saw increases in rent year-over year. The average asking rent for ground floor space on Fifth Avenue, between 49th and 59th streets, increased 8% year-over-year to $3,420 per-square-foot, and is the highest asking rent of any Manhattan retail corridor. In the Times Square market along Broadway and Seventh Avenue and between 42nd and 47th streets, average ground floor asking rents rose by 7% over the last year to $2,317 per-square-foot.

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