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Luxury retailers seem to have a renewed confidence in the New York City retail market. Brokerage firm Newmark is working with several luxury retailers in the city that are interested in adding more locations, according to Newmark’s vice chairman Ariel Schuster.

Schuster has already closed a deal with Valentino. The retailer signed a lease totaling 8,718 square feet at 135 Spring Street in Soho. The new location includes 4,424 square feet on the ground floor and 4,294 square feet on the lower level. The location is part of a luxury shopping hub along Spring Street, which includes other major brands like Chanel and Burberry. Along with Schuster, Newmark senior managing director Ross Berkowitz and associate director Brandon Miller represented Invesco Real Estate, the property owner, in the deal.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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