The most common and most likely answer to this crossword clue is the 6 letter word RECESS
I've seen this crossword clue in Financial Times
R
E
C
E
S
S
More clues leading to the result RECESS
- About to introduce tax break
- Holiday in bay
- Concerned with tax break
- Rash, heartless and hollow
- Break alcove
- Recalled moment amidst endless leisure or vacation
- Corner the rest of Members of Parliament
- Fantastic cress sandwiches, English niche
- Wobble, beginning to pass out in break
- Timeless secrets could be hidden here
Buddy explains!

The straight part
We know that "niche" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case niche = recess.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does RECESS mean?
RECESS noun- A break, pause or vacation.
- An inset, hole, space or opening.
- A time of play during the school day, usually on a playground; break, playtime.
- A decree of the imperial diet of the old German empire.
- A withdrawing or retiring; a moving back; retreat.
- The state of being withdrawn; seclusion; privacy.
- A place of retirement, retreat, secrecy, or seclusion.
- A secret or abstruse part.
- A sinus.
- To inset into something, or to recede.
- To take or declare a break.
- To appoint, with a recess appointment.
- To make a recess in.
- Remote, distant (in time or place).