Apple's Fifth Avenue temporary store in NYC still drawing massive traffic next to construction site

"Entitled"
Iffy word choice.

For land owners leasing retail space, it's all about revenue for square foot of retail space, and Apple stores are the highest around. Apple can simply cite its numbers to make their case.

suddenly newton said:

"Entitled"
Iffy word choice.

For land owners leasing retail space, it's all about revenue for square foot of retail space, and Apple stores are the highest around. Apple can simply cite its numbers to make their case.

That doesn't make their case - it does the opposite.  If Apple is grossing so high a number per square foot, the landlord will claim they can pay more.   Also, the landlord doesn't give a damn about how well the other stores in the neighborhood do because of Apple unless they happen to own that space as well.    And as I remember it, there are no other stores in that building on the 58th Street side.   On the 59th St. side is a Cartier and way down on Park Avenue is a Bally Shoe store, a Jeffrey Wille jewelry store, Vertu and a Chase Bank branch, but I have my doubts that Apple traffic has any impact whatsoever on any of them.   The local dirty water hot dog vendors probably do okay though.   Maybe Apple should tell them that Apple feels entitled to some of their revenue. 

Apple does get a discounted rent, but it's because the entire retail space (aside from the cube entrance) is in the basement.  

zoetmb said:

suddenly newton said:

"Entitled"
Iffy word choice.

For land owners leasing retail space, it's all about revenue for square foot of retail space, and Apple stores are the highest around. Apple can simply cite its numbers to make their case.

That doesn't make their case - it does the opposite.  If Apple is grossing so high a number per square foot, the landlord will claim they can pay more.   Also, the landlord doesn't give a damn about how well the other stores in the neighborhood do because of Apple unless they happen to own that space as well.    And as I remember it, there are no other stores in that building on the 58th Street side.   On the 59th St. side is a Cartier and way down on Park Avenue is a Bally Shoe store, a Jeffrey Wille jewelry store, Vertu and a Chase Bank branch, but I have my doubts that Apple traffic has any impact whatsoever on any of them.   The local dirty water hot dog vendors probably do okay though.   Maybe Apple should tell them that Apple feels entitled to some of their revenue. 

Apple does get a discounted rent, but it's because the entire retail space (aside from the cube entrance) is in the basement.  

Pay more because they are bringing in records amount of traffic to the entire area? That would be a foolish move on the part of the owner of the space.

Personally, I find it odd Apple even pays another party for the "privelege" to locate at their retail locations. Why doesn't Apple just buy up choice parcels of land to locate their stores? Malls and other businesses would spring up around them increasing the value of all of the land and other retail establishments.

This could be a smart use of a few of those billions sitting around doing nothing, huh?