Retail rents news and archive

Retail rents actually declining in New York

Something on the island of Manhattan actually declined in price? Hopefully this isn't a sign of the apocalypse. CNBC has reported that retail rents in New York are actually dropping, which has led to a new wave of retailers coming in. Average rent prices in 12 of 16 main retail locations in New York fell in the past 12 months, according to a new...

Retail

Hong Kong remains global retail mecca, despite high rents

Hong Kong's inflated retail rents and high mark-ups on designer goods haven't dented its image as a global shopping mecca. According to the latest CBRE report, Hong Kong remains firmly at number 6 as a preferred retail destination. 24 percent of international retails see Hong Kong as a key market for expansion. In its seventh edition of How...