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Manhattan’s marquee retail corridors hold most of the borough’s empty storefronts, newsletter argues, citing REBNY

Manhattan's most famous shopping districts like Upper Fifth Avenue and Times Square account for 60 percent of all the borough's vacant storefronts, according to REBNY.

Manhattan’s marquee retail corridors hold most of the borough’s empty storefronts, newsletter argues, citing REBNY
A street-level view of Fifth Avenue in Manhattan, the borough's most famous retail corridor. The story leads with "Upper Fifth Avenue" as the first of Manhattan's marquee shopping districts that REBNY
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Manhattan’s most famous shopping districts now hold a wildly outsized share of the borough’s empty storefronts, the Manhattan Institute newsletter The Bigger Apple argued in its February 6 edition, drawing on figures attributed to the Real Estate Board of New York to make the case that the old model of the “retail corridor” no longer works in an era when shoppers are glued to their phones.

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