As Prime Retail Rebounds, Tenants Find Bargains In Less Popular Areas On Side Streets

As Prime Retail Rebounds, Tenants Find Bargains In Less Popular Areas On Side Streets

2008, retail vacancy reached 9 percent on the desirable upper stretch of Fifth Avenue, according to data provided by Faith Hope Consolo, chairman of retail leasing and sales at Prudential Douglas Elliman. The vacancy rate now sits around 7.5 percent.