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Real Estate's On A Roll! Experts Dish On Why Housing Is A Hot Market Again

Date: May 07, 2010
Publication: New York Daily News
URL: https://assets.elliman.com/retail_reports/dayily news-real estate on a roll-may 7th 2010.pdf

The retail scene Faith Hope Consolo Chairman, Prudential Douglas Elliman Retail Group: “Retail rents are down 25% still, which is how Madison Ave. filled in all their holes. We hope the same thing [a decrease in prices per square foot] happens in SoHo, where there are at least 80 available locations on the market. The only rates that are holding are on Fifth Ave., at about $2,000 per square foot, the most expensive retail in the world, and Times Square, at about $500 to $600 per square foot.”

 

 

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THE FAITH CONSOLO TEAM

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