NYC’s Union Square is coming back: Office and retail leasing gather momentum

Union Square’s commercial revival is gathering pace, with office vacancies in the neighbourhood falling well below the Manhattan-wide rate and more storefronts being leased, according to the Union Square Partnership business-improvement district.The latest figures come as K-pop company DearU prepares to open Bubble House New York, a nearly 10,000-square-foot flagship at 24 Union Square East.The planned opening was first reported by the New York Post in June.Office vacancies fall to 12.9%The Union Square Partnership, whose business-improvement district covers parts of 13th and 14th streets between First and Sixth avenues as well as Union Square East and West from 14th Street to the south side of 18th Street, reported a strong leasing trend across the area.Office vacancies in the district have fallen to 12.9%, compared with roughly 15% across Manhattan, according to the BID.Several prominent buildings have reached full occupancy following recent deals, including 853 Broadway, 841 Broadway and 122 Fifth…