By  on November 21, 2018

The Real Estate Board of New York on Wednesday released its fall 2018 Manhattan retail report, and it basically amounted to a lump of coal for landlords.

Average asking rents in 15 out of 17 retail corridors in Manhattan declined, a trend that the organization noted has been widespread since spring 2015. The 17 corridors’ average overall decline was 25 percent compared to fall of 2015, with 10 areas showing decreases of over 20 percent, and three over 30 percent.

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