The Real Deal New York

St. Marks Place sees quick retail turnover

October 25, 2007 06:41PM

Retailers are leaving St. Marks Place between Second and Third Avenues almost as quickly as they are coming in, as a demographic of hipper, younger shoppers and escalating rents put more pressure on stores and eateries. At least eight new retail tenants have moved in over the past few months. A ground-floor retail space at 13 St. Marks Place is asking $150 per square foot, while a frozen yogurt chain signed a lease at 24 St. Marks Place for $184 per square foot.

Comments are closed.

Welcome to TRData
TRData is a new site focused on research, currently in development by The Real Deal, New York City’s largest real estate publisher.
Click here for more information about the site