Shakespeare & Co. Booksellers' space at 716 Broadway near Astor Place in Manhattan has been listed for rent by Massey Knakal Realty Services, the Commercial Observer reported, adding that the "owners declined to comment on their current rent or the shop's future." Although the online listing does not include a price, listing agent Brendan Gotch said the location's rent will be $50,000 a month for a 3,000-square-foot retail space on the first floor and 2,000-square-foot basement. Gotch added that while he and the landlord are sad to see Shakespeare & Co. leave, "that part of Broadway has changed. Their lease has expired and they're staying on briefly until the landlord acquires a new tenant. The fact of the matter is that along with many bookstores, they are having trouble paying rents that were affordable 10 years ago when they signed these leases."
Shakespeare & Co. has two other locations: on Manhattan's Upper East Side and in Brooklyn, near Brooklyn College.
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