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Trends and Insights

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8 Feb 2024

Luxury Brands Lead NYC Real Estate Revival

Gucci, Prada, and Louis Vuitton's parent companies [are spearheading a revival]( in NYC's commercial property market by investing nearly $2 billion combined for prime locations on Manhattan's 58th to 56th street. This flurry of transactions showcases the resilience and investment appeal of luxury retail spaces in key urban centers, energizing an otherwise sluggish market.