Where do retailers want to be nowadays? We invited 13 retail real estate pros to Bisnow's NY Retail Summit coming up this Friday to find out. We also visited CBRE's MetLife Building office last week to chat with one of our panelists, David LaPierre.Meatpacking got hot quick, he says. Rents escalated, most of the prime space got leased, and now luxury tenants are returning to SoHo, which leapfrogged itself the same way in the '90s. Now, David says, Meatpacking, where rents have reached $500/SF, will head back to a more reasonable $300/SF and then embark on a more paced long-term growth. Sign upup for our Friday event!
SoHo & The Prodigal Son
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David LaPierre, MetLife Building
