Monday, October 29, 2018

Landlords push up US retail rents to post-crisis highs

Boston Business Journal
Landlords have pushed up rents for US retailers to new post-crisis highs in spite of the competitive onslaught from Amazon, with asking figures in the hotspots such as Miami rising more than 10 per cent in the past year.

The 4 per cent average rise, to be disclosed by property broker CBRE this week, is the latest sign that confidence in bricks and mortar stores is recovering, especially in better-off parts of the country, ahead of the crucial Christmas shopping season.. . . more