companies who sell luxury products, being in New York’s 5th
is a must. Not only New Yorkers will be able to see their products but
thousands of tourists will too, as 5th
Avenue is recognized worldwide
as the place to find any store of luxury products. But have you ever wondered
whats the cost of being there is?
to The Wall Street Journal
, Richemont Group, owner of Cartier and Piaget, paid
$375 million for 24,800 square feet of store space at the St. Regis hotel on
Fifth Avenue at 55th Street, amounting to more than $15,000 a square foot
not only luxury brands that are paying these exorbitant prices. Swedish
Multinational Hennes & Mauritz
AB known as H&M
recently rented a ground floor space for $3000 a square foot. Today’s economy
has created buyers who want to buy a Cartier and combine them with a $20
t-shirt from H&M or similar stores.
compare, retail space prices in Los Angeles famous Rodeo Drive are around $400
a square foot.
the economy is just re-starting to gain momentum, luxury brands and top sellers
are already competing in what could probably be the most expensive street in
good news is you can have an office in 5th Avenue
these prices. Call us today at (866) 354-5478 and we’ll make sure you find the
best space for your company.
Labels: Luxury offices, New York 5th Avenue, New York Rentals