Retail landlords adjust to new norm Retail rents across Manhattan continued to fall in 2018’s second quarter, but leasing activity is picking up as landlords come to terms with the market, according to a report from Cushman & Wakefield. “We’ve seen more velocity,” said Steve Soutendijk, a retail broker at the firm. “There’s definitely been a shift in landlords’ expectations.” Along Madison Avenue, where rents fell by 9.2 percent year over year, 16 new stores […]
source https://therealdeal.com/issues_articles/commercial-market-report-4/#new_tab
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