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Monday, March 26, 2018
Madison Avenue's vacant retail space indicates financial crisis is brewing
ANBOUND

10 years ago after the financial crisis, vacant retail space has appeared on Madison Avenue in New York; the once prosperous area has become a ghost town. History is repeating itself in New York again today; countless storefronts in Manhattan stand empty between 59th Street and 79th Street of Madison Avenue in New York. Rents have soared over the past five to ten years, and retailers do not have enough customers to sustain their business. A similar scene suggests that another financial crisis is brewing.

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