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. Study author Jerry Nickelsburg wrote that while retail “struggled” even during the pre-COVID economic expansion “the current recession tripled down on that struggle.”.
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