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Q2 2026 Report
Retail Deals of
Distinction
Spotlighting Top Leases Nationwide
Retail signed at both extremes this quarter. This report tracks the leases that landed furthest from their market average, from four-figure rents on Manhattan storefronts to six-figure footprints in suburban shopping centers, with the verified comp record behind each one.
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The quarter’s top retail deals came from two economies that barely resemble each other. On Manhattan’s Fifth and Madison Avenues, luxury tenants took small footprints at starting rents many times the borough average and committed to terms well beyond the market norm. Several hundred miles west, a large format retailer renewed 55,000 square feet at $9 per square foot, and a fitness operator took 32,682 square feet in a Sacramento shopping center at a starting rent below its local average. Same asset class, same quarter, rents separated by more than two orders of magnitude.
Top Deals Across Every Category
Each deal is ranked within its category and benchmarked against verified CompStak market data for full context.
National Deal
Top by Value, New Lease or Expansion
A global fashion house took 3,200 square feet on Fifth Avenue at a starting rent roughly eleven times the Manhattan retail average, on a term 16.2% longer than the borough norm.
National Deal
Top by Value, Renewal or Extension
A national arts and crafts retailer renewed 55,000 square feet at $9 per square foot, roughly half its market’s renewal average, and committed to a term 131.3% longer than the Q2 norm.
CBD / Urban
Top CBD Deal by Starting Rent
The same fashion house also signed the quarter’s top central business district deal by starting rent, at over 13 times the New York City CBD average and on a term 22.1% longer than the market norm.
High Street Retail
Top High Street Deal by Starting Rent
A British luxury menswear house took just 1,421 square feet on Madison Avenue at $1,625.96 per square foot, 381.3% above the Manhattan new-lease average, with six months of free rent on a 10-year term.
Shopping Center
Top Shopping Center Lease
A national fitness chain committed to 32,682 square feet in a Sacramento shopping center, a footprint 228.3% larger than the market average, at a starting rent 10.6% below the local average.
Read all the deals in the full report
Every deal includes the full comp record, market benchmarks, and submarket context. Free to download.
What’s Inside the Report
Where retail rents ran furthest from market
Manhattan high street rents in this report clear four figures per square foot. A Sacramento shopping center deal sits under $25. Every rent is measured against its own submarket, not a national average.
Which formats are drawing the longest commitments
Terms this quarter ran from ten years on luxury storefronts to fifteen on a suburban anchor. See how far each commitment stretched past the local norm, and which formats tenants are underwriting hardest.
Which markets produced the quarter’s standouts
Manhattan dominates, with the Madison/Fifth Avenue and Upper East Side submarkets carrying three of the five categories. Central Pennsylvania and the Sacramento area account for the rest.
How structure shifts across retail formats
High street, central business district and neighborhood shopping center deals price on different logic. Each transaction is grouped by format so the comparison holds against the right peer set.
Verified comp data behind every deal
Each lease here comes from a comp confirmed by a CompStak user and tied to a verifiable record, including size, term, concessions and escalations. Nothing is modeled or estimated.
Download the full report.
Full comp records, submarket benchmarks and the concession detail behind all five Q2 retail categories. Free to access.
See the data behind the report.
Run the same comparisons yourself across any U.S. retail market, from high street corridors to neighborhood centers.
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