MRI OnLocation NYC Monthly Commentary – August 2024

NYC retail hubs witness modest boost in visitor numbers amid tourism surge and heatwave

Each month MRI OnLocation delivers insights on retail performance for downtowns. August saw pedestrian traffic in NYC retail hubs rise marginally from July and also year over year. This could be attributed to increased tourism, and was particularly noticeable during the evening period, when pedestrian traffic rose year over year, which contrasts with the month-over-month decline during this period.