Fifth Ave. Retail Rents Break $3K-Per-Square-Foot Record
The average asking rent for Fifth Avenue between 49th and 59th streets is just over $3,000 per square foot, according to CBRE's second-quarter Manhattan MarketView report.
This is the first time any retail corridor in Manhattan has reached that asking rent peak, according to the firm.
“Retail rents in the second quarter were generally...
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