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Let the market drop. New York has recession-proof retail.
Real Estate Weekly
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November 29, 2000|
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COPYRIGHT 2000 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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The rush is still on to locate space for prospective retail tenants in New York City. There are various factors contributing to the city's retail stability, not the least of which are the sheer masses that ensure a certain level of activity throughout changing economic conditions. In addition, it is the synergy of the retail that keeps the traffic flowing and businesses thriving. Therefore, a retailer seeking long-term activity must first focus on locations that are densely populated, with businesses providing products and services consistent with the economic profiles of the ...
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Newspaper article from: The Independent - London
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