NEW YORK, Nov 5 (Reuters) - Manhattan commercial landlords are cutting their asking prices for retail space but still believe they can command a premium in the best shopping areas, according to a report by New York realtors.
Overall asking rents for Manhattan retail space are down 3 percent to $129 per square foot as of Sept. 30, according to a report issued on Wednesday by the Real Estate Board of New York, a private industry group.
By neighborhood, the financial district near Wall Street, hardest hit by the current economic crisis, has seen asking rents fall to $251 per square foot as of Sept. 30, compared to $301 per square foot last year.
Friday, November 7, 2008
New York City 2010
