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New York

St. Marks Place sees quick retail turnover

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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.