Gene Meer, president of the Manhattan office of Friedland Realty Advisors, said that Lower Manhattan's new demand is far from surprising.
"Back in my day, when I first started, the downtown area was always considered to be a 24-7 location," said Meer
"There was always vision many years ago that Wall Street Downtown would be a 24/7 area."
While September 11th stunted the area's growth, the rebuilding has breathed new life into retail's prospects.
"It's not so much that Downtown Manhattan offers something different to retailers.
It's more that the area offers another potential trading area for retailers considering expansion in new York,? added Meer