Retail Competition Makes Landlords 12 Percent Happier

The Wall Street Journal reports that competition among retailers for locations has upped the average rent for in-line shop space — within grocery-anchored centers — by 12 percent over the past year.

Using data from Grubb & Ellis, the Journal listed asking rental rates (per square foot) in the top markets as follows: Manhattan, $85; San Francisco, $75; Oakland-East Bay, $32; Washington, D.C., $26; and Boston, $25.