The Manhattan market continues to adjust to the new realities of the business of retail. Fortunately, the city’s economic fundamentals remain quite strong, with quarterly retail sales, gross city product and tourism numbers all continuing to increase.  After exhibiting a trend of steadily increasing transaction volume in recent quarters, leasing velocity slowed down modestly in mid-2019, though the total volume remains well ahead of that seen both one and two years ago.  The number of direct, ground-floor availabilities in Q3 2019 slightly decreased, both quarter-over-quarter and year-over-year, with 214 available spaces in the 16 main retail corridors in Manhattan.