Here are Manhattan’s most valuable retail leases of 2019

For the first time in five years, a global fashion brand signed the most valuable retail lease in Manhattan. Hermès of Paris is paying an estimated $16 million in annual rent for its sprawling new Madison Avenue flagship. The deal, announced in February, was a boon for the retail corridor, which has seen declining rents for years since the recession. Since 2014, mass-appeal or non-clothing tenants have topped The Real Deal’s list of priciest Manhattan

source https://therealdeal.com/2019/12/19/here-are-manhattans-most-valuable-retail-leases-of-2019/