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Agenda-setting intelligence, analysis and advice for the global fashion community.

Madison Avenue Finds a New Groove

Rents on New York City’s prestigious Upper East Side retail corridor are ticking up for the first time in a decade as luxury stalwarts and newcomers alike look to tap into the neighbourhood’s affluent customer base.
New York's prestigious shopping avenue has seen a new energy recently, following years of tumult.
New York's prestigious shopping avenue has seen a new energy recently, following years of tumult. (Getty Images)

Take a walk down Madison Avenue in New York and the familiar sounds of summer in the city will ring out: cars honking, gleefully chattering pedestrians, and more recently, the ever-present hiss of circular saws and thuds of new construction.

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Further Reading

The Red-Hot Retail Real Estate Market, in 6 Charts

For years, American retail was strained by a glut of supply. But after the pandemic, the mismatch between supply and demand dramatically reversed. Today, brands hoping to expand face steep competition from a growing mix of tenants and a dwindling pool of available spaces.

About the author
Joan Kennedy
Joan Kennedy

Joan Kennedy is Correspondent at The Business of Fashion. She is based in New York and covers beauty and marketing.

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