Amy Zimmer reports in DNAinfo.com:
Though retailers across the country are having a dismal time as Amazon increasingly lures shoppers online, Brooklyn’s main retail corridors are still in demand, according to an analysis by the Real Estate Board of New York.
Foot traffic is increasing in many parts of the borough thanks to new hotels, offices, and residential development, according to the report released this week, with retailers eyeing rapidly changing areas including Bushwick and Crown Heights.
Average asking rents for retail spaces were up year-over-year in 10 of the 15 retail corridors the report examined.
“New developments are drawing more attention, particularly from retailers that are looking to develop a presence in Brooklyn as an extension of their Manhattan mainstays,” John Banks, REBNY president said in a statement.
“In spite of shifting national retail market conditions, Brooklyn continues to present attractive storefront opportunities in growing, more densely populated neighborhoods.”
In Park Slope’s Fifth Avenue Business Improvement District, rent shot up when Barclays Center came in and landlords believed the foot traffic would go up.
and not about the Rebbe’s will to preserve the Chassidic character of the neighborhood that was so strongly fought for in the past. To # 2 , looks like, maybe, the writing on the wall HashV’Shalom!
It would be helpful and improve business on Kingston if the merchants themselves did not monopolize the parking spaces.
That’s the least of our worries. If the Jewish Frum Landlords owning the store front properties start seeing Dollar signs$$$ of High End retail Brand name stores moving in and renting they will not give a hoot how it will change our community and surrounding environment for our children. This is what happened in Los Angeles. Fairfax Avenue was always the hub of everything Jewish ..Deli’s, Judaica stores, Kosher Market, Butcher shops, Pizza shops etc. A Jewish Landlord who owned most of Fairfax ave. shops waited till all leases were done with and didn’t renew to the Jewish Merchants. The… Read more »
We must demand from our Kingston ave merchants that they form an association that maintained the cleanliness of the avenue. It’s so disgusting how much trash builds up on a daily basis and the amount of consumers who come to visit our neighborhood, it’s only right that our merchants respect us consumers and keep our avenue clean as they do on other main shopping districts.