Retailers, Restaurants Vault Into Old Banks

Retailers, Restaurants Vault Into Old Banks

"The old banking spaces certainly present obstacles, be it restrictions on signage or cavernous structures or landmark issues, but they can command competitive rents because they have a major presence," said Faith Hope Consolo, chairman of retail leasing and sales at Prudential Douglas Elliman. "They're in great locations, and there is a market for nontraditional retail space."