Times Square stands tall as retail rents slip across Manhattan

Retail rents are sliding south across the city, bar one exception: Times Square. Almost all of Manhattan’s main shopping corridors each took a steep retail rent decline in the second quarter of 2018, when compared to year-on-year averages, according to a Cushman & Wakefield report cited by Commercial Observer. Cushman found the most prominent retail spots took the hardest hits, including Upper Fifth Avenue, Madison Avenue, Soho and Herald Square. Times Square, however, recorded an […]


Source: Real Estate

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