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Retail Watch

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The retail mix of the Meatpacking District is not what it used to be. High-end designers like Alexander McQueen and Stella McCartney are leaving or thinking about leaving the 'hood, and brands like Sephora, Tory Burch, and Chanel are thinking about moving in. What does this mean in terms of rents? Ten years ago, rents averaged $40/square foot. Now, the retail space at 837 Washington is asking a whopping $600/square foot. [WSJ]

837 Washington Street

837 Washington Street, New York, NY Visit Website