NEW YORK CITY-Suzanne Sunshine from S. Sunshine & Associatessays that Chelsea art galleries may experience some difficulty whenthey renew their lease agreement for 10 years. The non-profit CueArt Foundation, one of the clients of Sunshine, has obtained a 2012renewal proposal, which will increase its overall rent and ride theorganization out of the locality.


The new rent for the ground floor space would jump from $28 persquare foot to $120 per square foot. For the full story, goto New York Post.

GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.