• auctusgroup

Report: Rents falling in Manhattan's retail corridors

Rents on New York City's Lower Fifth Avenue fell 25% year over year in the third quarter, while those on upper Fifth Avenue dipped only 0.7%, according to a report from Jones Lang LaSalle. Manhattan rents decreased an average of 8.1% from the same period last year, and only the Meatpacking District saw rents increase.

BNN Bloomberg (Canada) (11/5)

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