Wednesday, September 25, 2013

In Manhattan, Rents are Higher on the Sunny Side of the Street

A version of the song from 1945. (Reached #17 on the charts.)
Sidebar:  Jo Stafford's 960-word obituary in the New York Times.

Street’s Sunny Side Costs Retailers More in Rent.   (The New York Times, 9/24/2013)

Print edition headline:  "A Premium for a Storefront in the Sun".

Excerpt:    As Manhattan rents rise over all, retailers are jockeying for prime locations, and are paying a premium for areas like the east side of Fifth Avenue — the sunnier side of the street. 

New York’s most expensive retail space, prime Fifth Avenue, is the second-most expensive in the world, after Lan Kwai Fong in Hong Kong, beating out the Champs-Élysées in Paris and New Bond Street in London, according to the retail group at Douglas Elliman Real Estate, which supplied most of the figures for this article.

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