The New NYC Retail Boom: Pilates, Pet Spas and Empty Storefronts

New York City's retail market is making a comeback, but not everyone is benefiting. As restaurants, Pilates studios, coffee shops and wellness businesses expand across Manhattan, traditional retailers and mom-and-pop stores are facing an increasingly difficult environment.

This week on Deconstruct, hosts Hannah Kramer and Lilah Burke sit down with Michael Miller, a retail broker at TSCG, to discuss the changing landscape of New York retail. They explore which neighborhoods are commanding top rents, why Times Square continues to struggle, how consumer habits are reshaping retail demand and what happens to all those empty banks and pharmacies.

Plus, Ryan Serhant's expansion into Chicago is shaking up the city's residential brokerage industry, with agents reporting bruising battles over commissions and listings. The hosts also unpack the latest litigation surrounding Floyd Mayweather's real estate investments and an FBI raid at a Brooklyn residence connected to Bert I. Dweck, who faces civil allegations of escrow fraud.

Deconstruct is a weekly real estate news podcast from The Real Deal. Tune in Mondays at 5:00 AM for new episodes.