Inside Edition
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Why Manhattan’s Fifth Avenue May Be Losing Its Luster
Posted
May 15, 2019
Views
54,274
Likes
956
Comments
91
Engagement
1.93%
May 15, 2019
54,274
956
91
1.93%
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1:42Now PlayingIs New York City’s famed Fifth Avenue losing its luster? It's perhaps the most luxurious street in the world. Louis Vuitton, Tiffany, Valentino and Harry Winston all have stores there. These days it's dotted with vacancy after vacancy, according to real estate consultant Jonathan Miller. "This phenomenon nationwide has been called the retail apocalypse," he said. Part of the problem may be Trump Tower, which has had a negative impact on foot traffic, but the main culprit is the rent. #InsideEdition
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