Even if the Metropolitan Transportation Authority will get the Second Avenue subway up and running by January 1, it would make little difference to long-time business owners on the East Side. Almost-endless construction has already changed deeply the economy of the area. Some businesses had to re-brand or relocate, and […]
Tag: retail
Holiday Pop-Ups in NYC
Over the past few holiday seasons, New York City has seen an increase in the number of pop-up shops and marketplaces due to not only the experience they offer, which has become increasingly important, but also the bigger factors at work in the economy such as the rise of rent […]
Increased Retail Rent in Lower Manhattan Affecting Businesses
Rents have soared along the retail corridor on Broadway because retailers are cashing in on a changing neighborhood. Rents along the strip on Broadway between Chambers Street and Battery Park increased 39% from spring 2015 to spring 2016 according to the latest Real Estate Board of New York Manhattan Retail […]
Consignment Stores Hit Stride During Tough Retail Market
Despite a tough retail climate, New York City consignment stores are thriving by throwing themselves into competition with high-end retail boutiques. The secret to their success is mimicking these boutiques in design, stock, and location, giving them the competitive edge to survive in wealthy, high rent districts of the city. […]