Fifth Avenue is in a liquidation mode of sorts — at least when it comes to mega retailers. In the past six months alone, Versace, Lord & Taylor, Henri Bendel and the Gap have all closed shop on the luxe stretch or announced plans to relocate. Meanwhile, the availability rate — a measure of space that’s available now or will be in the next 12 months — is climbing to historically high levels, and rents are falling. Most […]
source https://therealdeal.com/issues_articles/the-rent-was-too-damn-high/#new_tab
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