Retail Rents Rising in Some Top Cities

Mcall.com is reporting that retail rents are rising in some top cities. Improvements in the global economy have lifted consumer and retailer confidence, prompting landlords to push for higher rents because vacancy is low in the best shopping centers and districts. New York kept its title as the most expensive place in the world to lease a store with rents averaging $1,725 per square foot per year. The other two U.S. cities among the world’s 20 most expensive were greater Los Angeles in 12th place, at $500 per square foot per year, and Chicago in 14th place, at $480.

Churchill has short-term corporate housing available in New York City and Nationwide. Please contact us at 866-255-0593 or NewYork@FurnishedHousing.com for more information.

0 Responses to “Retail Rents Rising in Some Top Cities”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s





%d bloggers like this: