In its Destination Retail report, JLL noted that New York City has a Cross-Border Retailer Attractiveness Index of 199 and is ranked fourth overall. The report is based on a survey of 240 leading retail brands across 140 cities globally. The cities account for 36% of global GDP, 13% of the world’s population and one third of the world’s consumer spending. The index shows, for each case, the presence of retailers, relative to the average of 100. New York City is classified as a Global Retail City. Growth of spending in 2015-19 is expected to be 3% annually. Average prime retail rents are around USD11,500 per square metre per annum.

Source : JLL/Apr 2016/New York City/RET