Pros
Cons
Shopper Profile
Successful Retail Uses:
Madison Avenue is where elegance meets exclusivity; it’s the quieter, more refined cousin to the bustling Fifth Avenue. Here, you’ll encounter a mature crowd of well-heeled Gen Xers and Boomers who appreciate the finer things in life. Home to prestigious designer boutiques, art galleries, and antique shops, the avenue is a haven for niche luxury and artisanal craftsmanship. Rent isn’t for the faint of heart—high and generally non-negotiable. Landlords are often old-money real estate firms who maintain the area’s affluent atmosphere with stringent tenant criteria. If your brand embodies class and sophistication, Madison Avenue offers the perfect backdrop for your retail story.
Household Income in Trade Area: $250,000
Retail Sales in Trade Area: $4.5 billion
Population in Trade Area: 400,000
Tenant Sales per Square Foot: $1,500
Occupancy Rate: 95%
Anchor Tenants: Ralph Lauren, Calvin Klein
Tenant Rent/Sales Ratio (%): 66.7% – 166.7%
Rent $ / Visitor (relative cost of the foot traffic): $75
Other Notes: Data sourced from public and private records.
Average Rent (psf): $547
Median Rent (psf): $546
Rent Range (psf): $546-$625
Rent Variability: Medium
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Preferred ISP(s)
Estimated Permit Timeline (weeks)
Landmarks Risk
Union Labor Disharmony Likelihood

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