The retail leasing scene not including restaurants is such a mixed picture that it’s hard to make easy generalizations. To brokers’ and analysts’ frequent annoyance, this column is skeptical of ret…
That store, which was much more than a pharmacy, mattered more to neighborhood residents and workers than, for example, a planned Printemps fashion emporium at Harry Macklowe’s 1 Wall Street will likely be.
Certain localized situations defy understanding. Midtown Sixth Avenue had nary a vacancy before the pandemic. Now, many corners have stood vacant for more than a year.Yet, not only are Gap and the National Hockey League gone, but even former bank branches are going dark.Why? Several landlords are holding storefronts vacant in hope of making combined deals for retail bank branches and offices upstairs.
Tishman Speyer made the complex a more relevant shopping destination than it had been in years and drew New York-centric stores such as Jackson McNally books and the Rough Trade vinyl music mecca.
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