Retail Rents Falling From Manhattan To Los Angeles
PYMNTS
JANUARY 11, 2021
The worst results came from Lower Manhattan’s Broadway/Houston Street/Broome Street area, where average asking price per square foot tumbled 25 percent year on year. And those figures only refer to asking rents. Taking” rents — what tenants actually agreed to — fell to even lower levels. That’s one out of every six.
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