By  on July 11, 2007

Retail rents in Manhattan's prime corridors maintained their upward spiral in the first half of 2007, with Madison Avenue passing the $1,000 per square foot mark and Fifth Avenue topping $1,500.

"Several high-profile deals being closed will set new benchmarks in the second half" of 2007, said Joseph Harbert, Cushman & Wakefield's chief operating officer for the New York metro area.

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