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Rents plunge along Fifth, Madison aves.

Started by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
>> Rents plunge along Fifth, Madison aves. http://www.crainsnewyork.com/article/20090514/FREE/905149984/1058 Rents on the gilded strip of Fifth fell 15% last year
Response by 30yrs_RE_20_in_REO
over 17 years ago
Posts: 9913
Member since: Mar 2009

I seem to remember a more comprehensive article a few weeks ago but can't find it. One interesting thing it pointed out was that a bunch of retailers are staying on Madison, but telling their current LL to drop dead and paying substantially less by moving a few blocks to a new storefront.

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