New York City's retail rents are the second highest in the world, according to the most recent CBRE retail report, with rents of $3,050/square foot. (Hong Kong takes the crown with retail rents of $4,328/square foot in the city's top shopping district; Paris is in third place with rents of $1,220/square foot.) New York City also saw a 22 percent jump in retail rents along Fifth Avenue over the past year. [Crain's]
Filed under:
Loading comments...