Here’s what tenants are paying at Vornado & Oxford’s 650 Madison

When furniture & houseware retailer Crate & Barrel decided in 2015 to close its Manhattan flagship at 650 Madison Avenue after two decades at the location, it pointed to rising rents in the neighborhood as the main reason. The 62,000-square-foot retail vacancy gave the landlords — a joint venture co-controlled by Vornado Realty Trust and Oxford Properties — an opportunity to bring in pricier luxury tenants such as leather goods maker Celine and skiwear brand

source https://therealdeal.com/2020/11/10/heres-what-tenants-are-paying-at-vornado-oxfords-650-madison/