There’s Never Been A Better Time To Open Retail Stores In NYC

Retailers from China and Korea, Germany, the Netherlands and Latin America are scouring city streets for deals they could have only dreamed of in the past. Additionally, Italian and Aussie fashion companies that tested out the market with pop-ups (and liked it) now want a more permanent piece of New York’s retail pie. “There are more foreign tenants from a wider variety of countries — not just the UK, France and Italy,” says Joel Isaacs, president of Isaacs and Company. “There is definitely a good population of European and foreign brands.” With rents finally dropping to a deal-making level, the smart companies are rushing to stake out locations they love. And most building owners are now ready to give them a hand up with handouts. In the past, concessions of any kind would have been laughed at. Now, owners are being creative to lure tenants. Read more at New York Post.