Connect with us

Headlines

Retail Competition Makes Landlords 12 Percent Happier

Retailers are paying the most rent in San Francisco and New York

Published

on

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.

Advertisement

FEATURED VIDEO

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design

Promoted Headlines

Advertisement
Advertisement

Subscribe

Advertisement

Facebook

Most Popular