The Real Deal New York

St. Marks Place sees quick retail turnover

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.

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