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New York & Tri-State  + Midtown New York  + Retail  |  October 17, 2023
Emily Fu
By: Emily Fu

Luxury Audio Brand Bang & Olufsen Inks Midtown Lease 

High-end Danish electronics manufacturer Bang & Olufsen has signed a 10-year, 1,557-square-foot retail lease at 540 Madison Avenue, relocating from its previous location at 600 Madison Avenue.  

The new location will provide retail frontage along East 55th Street. Bang & Olufsen is known for its luxury audio products, with high-end speakers that can fetch up to $135,000 per pair. The company also has a Manhattan location at 121 Spring Street.  

Newmark’s Ariel Schuster and Mitch Heifetz negotiated on behalf of the landlord while Charlie Koniver of Odyssey Retail Partners represented the tenant in the transaction. 

Read More News Stories About: Newmark
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Inside The Story

Ariel Schuster

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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