Commercial rezoning of Midtown East in Manhattan marks yet another change to the always-evolving New York City real estate market. Mayor Michael Bloomberg’s plans may be controversial, but the end result, after the debating is over and the real action begins, will be an expansion of NYC office space and other commercially zoned sites. It is an exciting opportunity for those doing business in this world-renowned business district, as well as those hoping to take their commercial enterprise to the next level of success by moving to a Midtown location. Achieving New Heights “Reaching for the sky.” That is one of the central components of the Midtown East commercial rezoning plan. As explained by New York City’s Urban Land Institute… Continue reading

Posted in Manhattan Office Space.
How to Secure the Best NYC Retail Space

Are you looking to rent NYC retail space for a store, boutique or restaurant? You probably already are aware that Manhattan retail rents are much greater than in other U.S. cities, with asking prices as high as $1,000 per square foot for retail space in a high-traffic avenue location. Strong Demand in SoHo & The Plaza District Two of the most desirable retail corridors in Manhattan are located in The Plaza District, at Fifth Avenue between 49th and 59th streets, and in SoHo, on Broadway. Luxury brands such as Bergdorf Goodman, Louis Vuitton and The Apple store have large stores on Fifth Avenue in the high 50s, and prestigious national chains such as Hugo Boss, Steve Madden, Sephora and Kenneth Cole… Continue reading

Posted in Manhattan Retail Space.