NYC Retail Boom Signals Monster RE Prices In 2014

By Kaitlin Ugolik (December 16, 2013, 6:29 PM EST) -- New York City's retail market has experienced a frenzy in 2013, and experts — particularly those in leasing — expect the activity volume and high pricing to reach a fever pitch in 2014 as foreign tenants continue to enter the market and push prices up.

A slew of factors have contributed to the "wild" retail market this year, but experts say one of the biggest things fueling the heightened prices and number of deals has been the increased demand from retailers outside the country to purchase or lease a New York City location, which they expect will continue well into 2014....

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