Fifth Avenue

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  • 16 East 52nd Street New York City New York 10022 United States
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1REC's Take
Pros

✔ Iconic shopping destination ✔ High foot traffic ✔ Prestigious retail space

Cons

✘ Extremely high rent ✘ Crowded ✘ Limited residential options

Shopper Profile

✦ Luxury Shoppers: High-income individuals ✦ Tourists: Exploring iconic shopping street ✦ Preferences: Designer stores, luxury goods

About Location
The epitome of opulence, Fifth Avenue is a runway for global luxury brands and the A-listers who frequent them. Primarily Gen X and Boomer shoppers make this their playground, donning the latest couture as they stroll past iconic flagship stores. The real estate is as high-end as the fashion, with rents that are among the most expensive globally, often demanding long-term commitments. But it’s not just clothing and accessories; high-end jewelers and world-class department stores also find a home on this storied stretch. Landlords are typically large real estate corporations with a portfolio to match, looking for tenants that can sustain the avenue’s glittering reputation. If your brand seeks a spot in the limelight, there’s no brighter stage than Fifth Avenue.
Trade Area Summary

Basic Demographics

Median Household Income: $124,852
Consumer Expenditure: $38,304,924,985
Population: 879,111
Daytime Population: 1,973,542
Source Notes: Data reflects 20 minute drive times as of Q3 2023 (Experian) and is provided by Dallimore & Co, a boutique advisory firm specializing in growth strategy, real estate solutions, and M&A for specialty retail and consumer brands.

Household Segment Breakdown

Segment #1: G – Educated Urbanites (76%)
Segment #2: J – Sunset Boomers (15%)
Segment #3: A – Ultra Wealthy Families (8%)
All Other Segments: 1%

Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

Occupancy
Tenant Sales per Square Foot: $1,500
Occupancy Rate: 97%
Anchor Tenants: Saks Fifth Avenue, Tiffany & Co
Tenant Rent/Sales Ratio (%): 68% – 100%
Rent $ / Visitor: $106.25
Source Notes: Data sourced from public and private records.
Destination Rents
Average Rent (psf): $1,277
Median Rent (psf): $1,184
Rent Range (psf): $1184-$1932
Rent Variability: High
Source Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon Fios
Estimated Permit Timeline (weeks)
8-10
Landmarks Risk
High
Union Labor Disharmony Likelihood
Medium
Recommended Vendors' Links 🔗

Local Broker: Retail by MONA

Building Surveyor: DrafterMax

Permit Expeditor: Paul Fusco Consulting

Licensed Architect: Prose Architecture

Store Designer: Carina Miranda Studio

Real Estate Attorney: Ravid Law Group

General Contractor: Be Featured! Contact Us

Photos
Fifthavenue1 superJumbo 1 768x477
Reviews

1 Reviews on “Fifth Avenue”

Overall rating
Parking
Foot Traffic
Cleanliness
Safety
  • clicks2bricksguy
    Parking
    Foot Traffic
    Cleanliness
    Safety

    Sort of lost its luster…rents are unjustifiably high, but obviously great for branding. If you open with lowered expectations for speed to profitability, and with lower expectations for ROIC, then it can be a great marketing investment. If you’re looking to generate EBITDA sooner while drafting on some of the traffic, probably better to pick a side street right off of Fifth.

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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 16 East 52nd Street
New York City
New York
10022
United States
Place Tags: NYC
Website
Retail Type: Streets & Neighborhoods

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