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The average asking rent across Manhattan's 16 main retail corridors dropped 8.4% year-over-year, falling from $875-per-square-foot to $802 per-square-foot.
The Collective extends the concept of “experiential retail” to “experiential housing” with a $450 million development that will border Williamsburg and Brooklyn.
“Rents throughout the North Jersey Metro continue their advance, and are expected to do so through year-end 2020 and beyond,” says Ken Uranowitz, Gebroe-Hammer president.