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Manhattan retail rents have slid into their deepest and longest slump in 17 years, a new report confirms — with Soho rents slashed by more than a third since their 2015 peak.

In Soho, storefronts along Broadway from Broome to Houston maxed out with an annual asking rent of $977 per square foot in the spring of 2015 and is now pegged at $644 per foot — a whopping 34 percent drop.

Madison Avenue’s highest average rent between East 57th and East 72nd Streets was $1,709 per foot in the fall of 2014 and is now $1,348 per foot — a 27-percent slide and a 7-percent drop from this spring’s $1,446 per foot.

“The national soft goods brands are not seeking spaces there, so there has to be a reconsideration as to the tenant mix.” In Soho, Broadway’s asking rents between Houston and Broome Street were down 21 percent to $644 per foot since the spring’s uptick to $812 per foot, but were still down 15 percent year from last fall’s $755 per foot.

This comes as luxury tenants fled to the side streets, leaving Broadway to nationals that are still wary of spending too much on new storefronts.

Its parallel Fifth Avenue corridor, however, turned negative with rents dipping 1 percent to $449 per foot after a 15 percent rise a year ago to $456 per foot.

“The brokers were still upbeat about this area,” said Klimas.

Since the spring of 2007, REBNY statistics show at least one corridor has landed in negative territory in any given season, but the new report now shows 13 of the 17 are asking lower rents.

Two of the priciest areas have been hit the hardest.

The highest rent achieved was in December 2015 at ,500 per foot for Bulgari’s prime, southwest corner lease at Jeff Sutton’s Crown Building at West 57th Street and Fifth Avenue.

A separate report by CBRE earlier this month found that since the average rent peak in 2014, overall Manhattan asking rents had fallen by almost a quarter — 23 percent.

Similarly, along Columbus Avenue from West 66th to 79th Street, rents were down 16 percent from the fall of 2016, and another 2 percent since this spring to 8 per foot.

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