Saturday, February 7, 2009

For Rent

BITING THE APPLE
X
DO YOU HAVE SQUARE FEET?
X
Well, the Gold Coast of Madison Avenue, NYC,
has many to spare. Because? Empty. Why?
Quoting a real estate broker, "This is as bad
as I've ever seen".
x
Seems that retailers on the ever posh avenue
are caught between, "Let's stay", and "Let's
get outta here". Depending on if a sale or two
can be made that day. Everyone's sitting on
their money.
x
The cost of a square foot on Madison Avenue?
About $1250. And everyone knows you need more
than one leg to stand on.
x
Desperate times in New York. The money addicted
deeply feel the affront of approaching a favorite doorway
and seeing a "store for rent" sign posted.
x
A dawning reality: some retailers are taking the bait
and moving a couple of unfashionable streets away
where landlords are offering cheaper rents. The retailers
who are still selling $3000 handbags, $1500 shoes,
$3500 hand embroidered tablecloths, may have to move,
perchance to lower prices. As may the tailors stitching up
Bespoke suits for some uppa-uppa scoundrels, at $7000
or more, a pop.
x
The rest of us used to shop at the ordinary stores, quite nice,
not posh. I'd like to welcome the Madison Avenue elite,
but where will I go? The Hudson River's already been
spoken for.




9 comments:

Jeane said...

oops! reality check!

willow said...

Maybe it's a good thing. But times are scary.

Lyn said...

Jeane-
So true! So fast...
Thanks.


Willow-
The good thing would be if greed and arrogance could diminish.
It is scary indeed to see the downward change.
Thanks for your comment!

Mista Jaycee said...

Hey Lyn,
Here's the link to New Vines.

http://achoiceofweapons.blogspot.com/2008/11/new-poetry-from-mista-jaycee.html

Jaycee

Lyn said...

Mista Jaycee-
Thanks, I'm going there now.

Deedee said...

Guess this is the "adjustment" that some predicted was coming after the capitalist gluttony of the past decade. Here's hoping we can keep it real going forward... I never was one for 3000. purses anyhow...(get mine for 30 bucks at Target :)

Lyn said...

Deedee-
I totally agree with you. and 30 bucks sounds like my limit!
Fingers crossed.

Derrick said...

Hi Lyn,

Whatever price bracket a store may fit, one might hope that the prices are reasonable for the merchandise. Designer labels come at designer prices - and I'm glad I don't have to try and sell them!

Getting back to "reality" may be a good thing but it comes at a terrible price.

Lyn said...

Derrick-
What's so sad is that no one seemed to know what the price would be. There will be a change, but what?

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