LAS VEGAS-In the first quarter, retail pricing in Manhattan jumped a whopping 25%. So says James Nelson, a partner with GlobeSt.com Thought Leader Massey Knakal and author of the column the Full Nelson, which also appears on this website. He believes 2014 can outpace the previous peak year, 2007, if all economic cylinders continue to fire. And, with an average of only five square feet of shopping space per person in the city, growth in this greatly under-retailed market is virtually assured.
Nelson will go into detail on such topics as:
- How foreign capital approaches New York City retail;
- The dynamic that exists between residential growth and retail; and
- What the world's largest retail sale was and what it means for prices going forward.
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