The Real Deal New York

From the June issue: Since opening her eponymous millinery shop in Nolita 10 years ago,
Lisa Shaub has witnessed the euphoria of a trendy district on the rise.
But now she’s watching the fall. Shaub says she has never seen business conditions as rough — or vacancy rates as high — in Nolita as they are now. Three
storefronts just south of her shop at 232 Mulberry Street are
available. In all, this stretch of Mulberry between Prince and Spring
streets has five stores that are closed or on the market. A similar
pattern is unfolding throughout this nine-block district, which lies
south of East Houston Street and north of Broome Street, between the
Bowery and Lafayette Street.