The Real Deal New York

Manhattan retail remains strong

August 21, 2008 12:04PM

While some retailers, like Steve & Barry’s and Comp USA, are going bankrupt, many of the retail sectors in New York City are staying strong. Brokers say the Meatpacking District, Broadway in Soho and Fifth Avenue are seeing rent increases and new retailers. The growth is largely due to international tourists, rezoning and landlords becoming more flexible about rent to keep their space from becoming vacant.

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