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5th Avenue - Midtown

Location
New York City, NY, USA
North of 42nd on 5th Avenue and South of 59th on 5th Avenue
Estimated Gross Rent
$450 - $2,500 PSF
Most Desirable Block(s)
5th Avenue from 42nd - 59th St. Luxury retailers are primarily positioned from 50th-59th St. and national chains are primarily positioned from 42nd-50th St.
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Location
New York City, NY, USA
North of 42nd on 5th Avenue and South of 59th on 5th Avenue
Estimated Gross Rent
$450 - $2,500 PSF
Most Desirable Block(s)
5th Avenue from 42nd - 59th St. Luxury retailers are primarily positioned from 50th-59th St. and national chains are primarily positioned from 42nd-50th St.

Description

Few retail corridors in the retail landscape command the level of prestige and visibility as Fifth Avenue in Midtown Manhattan. Running from 42nd Street to 59th Street, this jetsetting stretch is home to luxury flagships, world-renowned department stores, and experiential retail concepts that define the pinnacle of high-end shopping – and oftentimes flip in on its head. Legacy brands like Louis Vuitton, Chanel, and Tiffany & Co. sit alongside national powerhouses such as Apple, Swarovski, and Vuori, guaranteeing a dynamic mix of exclusivity and mass appeal. With iconic landmarks like Rockefeller Center and Bergdorf Goodman, this corridor continues to set the standard for global retail excellence. The Fifth Avenue Retail Experience Fifth Avenue’s luxury estate dominion dates back to the late 19th and early 20th centuries when Gilded Age mansions lined the avenue, housing New York’s wealthiest families, including the Vanderbilts and Astors. As commercial development expanded northward, the mansions gave way to luxury department stores and designer boutiques, transforming Fifth Avenue into the world’s most prestigious shopping street. That tradition continues today, with flagship stores serving as architectural and experiential showcases rather than points of sale. Retailers here invest heavily in grand storefronts, elaborate window displays, and VIP experiences to captivate high end affluent locals, global tourists, and professionals. Seasonal activations—including the holiday window displays and Rockefeller Center’s Christmas Tree lighting—generate massive surges in foot traffic, reinforcing the avenue’s role as a global retail stage.

Few retail corridors in the retail landscape command the level of prestige and visibility as Fifth Avenue in Midtown Manhattan. Running from 42nd Street to 59th Street, this jetsetting stretch is home to luxury flagships, world-renowned department stores, and experiential retail concepts that define

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street Details

Annual foot traffic

500,000 people/year

Daily vehicle traffic

15,000 vehicles/day

Population

25,000 people within

Day time population

35,000 people within

Household income (median)

$75,000.00 annually

Age (average)

> 35 years old within

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Available Spaces

Sample Space 1

1000 SF

Suitable for retail, restaurant, office

Sample Space 2

1500 SF

Suitable for retail, restaurant, office

Sample Space 3

2000 SF

Suitable for retail, restaurant, office

News & Alerts
0 of 0
SKIMS Opens First Flagship Store on New York’s Fifth Avenue

SKIMS Opens First Flagship Store on New York’s Fifth Avenue

11 months ago

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Local Experts
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Brokers Active on 5th Avenue - Midtown

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Abercrombie & Fitch
Abercrombie & Fitch
668 5th Ave
Adidas
Adidas
565 5th Ave
Aldo
Aldo
603 5th Ave
Apple
Apple
767 5th Avenue
Aritzia
Aritzia
608 5th Ave
Banana Republic
Banana Republic
105 5th Ave
Bond No. 9 NYC
Bond No. 9 NYC
645 Fifth Avenue
Bulgari
Bulgari
730 5th Ave

Local Expert Analysis

Market Metrics and Leasing Trends Fifth Avenue maintains its position as the upscale shopping corridor in New York City, with luxury and flagship retailers driving long-term leasing commitments. Rental rates vary widely, from $450 to $2,500 per square foot, with the highest-priced spaces concentrated between 50th and 59th Street, where brands like Prada, Moncler, and Dolce & Gabbana dominate. National retailers and experiential brands tend to cluster south of 50th Street, where rents are more moderate. Recent leasing trends highlight continued investment in flagship real estate, as seen with Kering, Prada, and Uniqlo purchasing properties outright, signaling long-term confidence in the corridor’s viability. Additionally, the growing emphasis on hospitality-driven retail concepts, such as the Louis Vuitton Café, reflects the demand for experiential storefronts that blend luxury with lifestyle.Despite strong leasing activity, Fifth Avenue’s sky-high rents require retailers to maximize their brand presence through strategic experiential elements and high-margin product offerings. The corridor remains ultra-competitive, demanding that brands bring bold design concepts and exclusive retail experiences to stand out. Customer Demographics and Foot Traffic Fifth Avenue benefits from a powerful trifecta of retail consumers: high-income locals, international tourists, and office professionals. The return of Midtown office workers has contributed to a an up-tick in weekday traffic, while tourism - driven by attractions like St. Patrick’s Cathedral, MoMA, and Times Square - remains a major economic drive in the area. Luxury tourism continues to be a driving factor, as Fifth Avenue is considered a bucket-list shopping destination for international visitors. Corporate density supports steady weekday foot traffic, particularly during lunch hours, while the holiday shopping season transforms Fifth Avenue into a global retail spectacle, attracting millions of visitors. The flagship shopping experience remains a key draw, with high-end consumers seeking personalized service, exclusive product drops, and immersive brand experiences. Future Trends Fifth Avenue is in for the long haul of its sustained dominance of the region, with major trends shaping its trajectory. More brands are securing long-term leases and investing in immersive, large-format retail spaces. Hospitality-infused retail is becoming more prominent, with concepts like brand cafes, private lounges, and concierge shopping services elevating the customer experience. As tourism rebounds and corporate office occupancy rises, retailers will benefit from a diverse, high-spending audience. Conclusion Midtown’s Fifth Avenue remains an international and noteworthy retail stage – one that offers brands top of the line exposure, and consumer engagement. While high rents demand a flagship-caliber strategy, the corridor’s consistent foot traffic, global appeal, and luxury clustering make it an essential address for top-tier retailers.

Market Metrics and Leasing Trends

Fifth Avenue maintains its position as the upscale shopping corridor in New York City, with luxury and flagship retailers driving long-term leasing commitments. Rental rates vary widely, from $450 to $2,500 per square foot, with the highest-priced spaces concentrated between 50th and 59th Street, where brands like Prada, Moncler, and Dolce & Gabbana dominate. National retailers and experiential brands tend to cluster south of 50th Street, where rents are more moderate.

Recent leasing trends highlight continued investment in flagship real estate, as seen with Kering, Prada, and Uniqlo purchasing properties outright, signaling long-term confidence in the corr

...Read more