Retail News

In NY’s Soho, the retail real estate bubble is bursting

NY Times 08/24/2017

Earlier this decade, trendy boutiques and national chain stores fought for space in Manhattan’s Soho district, propelling prices to an annual $860 a square foot in 2014. But retailers such as Old Navy are calling it quits, leaving 16 vacancies within a six-block stretch of Broadway within the heart of the area.

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