Retailers who have balked at soaring Manhattan rental costs may have noticed some reprieve this year, with reported asking prices dropping by almost a 20 percent across most shopping districts in the city. The average price of ground-floor retail rental space dropped by 19.5 percent in 13 of 16 shopping districts in the first quarter of the year, a significant fall from last year’s average $653 per square foot, according to The Wall Street […]
source https://therealdeal.com/2018/04/26/retailers-experience-another-drop-in-asking-rents/
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