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Lower Rents Spark Madison Avenue Revival

Date: May 03, 2010
Publication: Crain's New York Business
URL: https://assets.elliman.com/retail_reports/faith- crains- lower rents spark mad ave revival- 717 madison ave- 5 3-9 10.pdf

This fall, Soigne Kothari will bring a little bit of Bombay to the Big Apple, opening her first-ever store at 717 Madison Ave. She targeted Madison Avenue because of its undisputed status as the city's most luxurious shopping corridor - and because its rents have fallen far enough to be affordable. "Every time we have one of these downturns, we get more solid street," says Faith Hope Consolo, Chairman of Retail Leasing at Prudential Douglas Elliman, adding that Madison "is dramatically different now."

 

 

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THE FAITH CONSOLO  TEAM

THE FAITH CONSOLO TEAM

At Douglas Elliman Real Estate


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