TSCG’s Michael Miller Talks NYC Retail Trends on The Real Deal’s Deconstruct Podcast
- October 22, 2026
- Interview
New York City’s retail market is transforming. Pilates studios, matcha shops, gyms, and fast-casual restaurants are taking over Manhattan, while banks, pharmacies, and traditional retailers disappear. But why are some neighborhoods booming while others still have empty storefronts?
In this episode of Deconstruct, The Real Deal’s Hannah Kramer and Lilah Burke interview TSCG retail broker Michael Miller about the biggest trends reshaping New York City’s commercial real estate market.
Miller explains why Soho and NoMad are thriving, why Times Square hasn’t fully recovered, how landlords decide which retailers get coveted storefronts, and why rising costs are making it increasingly difficult for independent businesses to survive. Plus, could NYC be heading toward a glut of Pilates studios and coffee shops?
Watch on YouTube or listen on Spotify!
Source: The Real Deal.