Soho reminds retailers of sector dominance
Soho remains a king of the trophy retail sector, leading the nation in sales in the first quarter, according to one report. The Manhattan neighborhood accounted for six of the 14 trophy sales tracked by Adirondack Capital Partners from January to March, the Commercial Observer reported. The dozen-plus transactions in top shopping corridors across the country totaled more than $700 million combined. Nearly half of those deals unfolded in the famed Manhattan retail corridor. ACP managing partner Michael Hunter Coghill predicted that when the year ends, Soho will still be the top market for trophy sales, calling it “the belle […]
This article originally appeared on The Real Deal. Click here to read the full story.
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