The Meatpacking District

JLL, Large Share of Notable Retail Leases Land in Midtown.

The Luxonomist. 13/01/2016

Record-level asking rents between 42nd to 59th Streets on Fifth Avenue ranging from $860 to $3,500 per square foot have led to a 3.1 percent increase of available space on the high street corridor from the same period last year.

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Meatpacking District. Click for more information

Meanwhile, leasing activity for larger retail space in prime submarkets was predominately driven by tenant relocation in existing neighborhoods and large-size discount retailers.

NYC 3
Meatpacking District. Click for more information

After a strong year in 2014, the Meatpacking District saw a drop-off in notable leasing activity in 2015 due to high rents, despite a continual increase of visitors to the High Line.

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