Retailers who have balked at soaring Manhattan rental costs may have noticed some reprieve this year, with reported asking prices dropping by almost a 20 percent across most shopping districts in the city.

Average rental prices in the Meatpacking District’s Washington Street, between 14th and Gansevoort streets, fell to $490 per square foot, down from $623, the publication reported, citing a CBRE report.

“I think we will start to see some more of the savvier tenants of companies realize we’re starting to get to a point where they can drive some good deals for themselves,” Andrew Goldberg, CBRE’s vice chairman. READ MORE