Retail is continuing to be a bright leasing sweet spot for brokers in New York. Brooklyn has gone from wasteland to wonderland as more national retailers fight for a position. Neiman Marcus is one store that is taking on this trend. They have signed a deal for its first location for its LastCall division. Many other stores are targeting Fulton Avenue, CityPoint and around Barclay’s Center. Retailers are even looking at Queens as being the new Brooklyn and focusing on Jackson Heights. The Bronx will soon have the luxurious enclosed mall at Bay Plaza to be anchored by Macy’s and JCPenney, and as for Manhattan rent is rising on Madison Avenue locations. The stores Urban Outfitters, Zara and Gap will soon open on Broadway attracting more costumers. As SoHo and Nolita rents skyrocket many smaller retailers and even restaurants are heading to the Browery area. Due to the opening of the new Whitney Museum, the Meatpacking District is becoming a hot spot for pop-ups and hotels.
Source: NY Post
Tags: Barclay's Center, Bay Plaza, Broadway, Brooklyn, CityPoint, Fulton Avenue, Gap, Jackson Heights, JCPenney, LastCall, Macy's, Meatpacking District, Neiman Marcus, queens, Urban Outfitters, Whitney Museum, Zara