Thursday, October 25, 2018

As High Street Retail Deals with an Uptick in Vacancies and Rent Declines, Investors Zero in on Class-A Assets with Long-Term Leases

NREI
Even though a lot of retail is flailing, much of U.S. high street retail is still drawing both shoppers and investors, boasting extremely high rents and catching the attention of new retailers and brands.

New York City’s famous Fifth Avenue, Chicago’s North Michigan Avenue and Beverly Hills’ posh Rodeo Drive are some of the toniest and highest-trafficked retail streets in the country. They feature retailers like Versace, Armani and Tiffany & Co., as well as popular urban brands like Zara and the Apple Store.. . . more