As the city debates imposing a form of retail rent control, the Real Estate Board of New York has some figures that suggest that rent isn’t the be-all and end-all when it comes to empty storefronts. Two of the city’s shopping districts, Greenwich Village and Hell’s Kitchen, have similar retail asking rents. But one looks like a ghost town and the other is thriving, the New York Post reported. Asking rents on Greenwich Village’s Seventh […]
source https://therealdeal.com/2018/05/29/retail-vacancy-isnt-all-about-rent-rebny/
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