In the city with the highest concentration of billionaires worldwide and a magnet for 45 million tourists, the commercial real estate mantra as always is “location, location, location.” The recent opening of Hermes’ Man on Madison store reinforces the avenue’s prestige, but also points to a growing shift toward high-end luxury.

Most of us don’t have the wallet to stomach prices at a store that charges $158,000 for a jacket. But on the other hand, since when did window shopping ever hurt anyone?

Less glamorous homegrown shops, like the interior decorators Linens ‘n Things or framing specialists Framed on Madison, are closing down or moving out to less expensive streets. Other foreign fashion houses moving in include India’s Kimaya, which has just leased a property between Longchamp, Hermes, Mauboussin and Chopard.

Below is the Spring/Summer collection for Hermes Menswear….DOPE!

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