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Luxury urban retail is still a pretty good place to be, according to a recent CB Richard Ellis report looking at rental rates on major corridors in the Americas.

Of 13 cities examined, only two faced year-over-year declines in rent. Manhattan’s Fifth Avenue continues to charge the most, with the average rent at $1,650 this summer, up 6.2%. The biggest gainer over last year was Masaryk Avenue, in the Palanco section of Mexico City, which posted a 15.4% uptick.

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