Barnes and Noble Closing

Rumors are spreading that the Georgetown Barnes & Noble will be closed by the end of the year. According to the Washington City Paper, the company is feeling the economic strain and the lower demand for printed books and has let its M Street lease run out.

What will take the book super store’s place is not yet confirmed, but the new tenants will allegedly be paying $65 per square foot in rent, which, although it’s an average price for Georgetown, is steep considering the stores three stories of space.

Aug 29, 2011 at 6:58 PM Kevin Rosen

$65 per square foot could not be the average for Georgetown. M St. properties are closer to $200. Barnes & Noble got a serious deal. Nice to have the pull of a national retailer.

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