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SOHO / NYC retail rents

Written on July 1, 2007 by mimecine

Word on the street is a well-known childrens store on Wooster between Prince and Spring pays $38,000 a month in rent. What in the world is the world coming to? That’s a decent years salary in most other places. New York is mad, Kiosk Omaha next? Damn…ground-floor retail in New York only allows the big out of town corporations, thank god we are on the second floor, to make that kind of rent we would need to sell approximately 13,000 bubble bags a month! Help!

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