The Reel

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A blog for breaking sales and neighborhood real estate news.

October 14, 2015 | Commercial Observer | Bob Knakal

If I told you that retail properties in New York City sold at an average price of $1,142 per square foot in 2014 and, thus far in 2015, that average was $900, a rational person would think that retail assets had lost a significant amount of their value.

However, upon closer inspection, we see that retail properties remain a heavily demanded asset class and the market continues to move in a very positive direction for these properties...

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