Luxury retailers are abandoning New York's Fifth Avenue

There's a record amount of empty retail space along New York's Fifth Avenue because the rent is too high.
Availability is rising across the borough, according to Cushman & Wakefield's third-quarter report on Manhattan real estate released on Wednesday.
Vacancies rose year-on-year in every submarket that the company tracks, and climbed to 15.9% on Fifth Avenue between 49th and 60th streets. That's the highest availability ever for those streets, according to Bloomberg. The flagship Apple stor