SoHo has emerged as the nation’s most active trophy retail market, according to Adirondack Capital Partners’ (ACP) latest U.S. High Street Retail Capital Markets Report. Drawing on transaction activity tracked during the firm’s most recent reporting period, ACP found that SoHo accounted for 43% of all trophy retail transactions nationwide, underscoring a broader shift toward quality and selectivity as buyers navigate an increasingly disciplined investment environment.
“The data points to a clear theme: capital remains available, but it’s increasingly concentrated in the country’s most desirable retail corridors,” said Michael Hunter Coghill, founder and managing partner of Adirondack Capital Partners. “Buyers are underwriting more carefully, but they continue to demonstrate tremendous conviction when it comes to premier assets occupied by enduring brands.”
He continued, “Trophy retail has proven itself to be one of the most resilient and defensible sectors in commercial real estate. The market has entered a new phase defined by conviction rather than opportunism.”
