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Colliers: Fifth Avenue has highest retail rent, at $3,052 per square foot
Seattle -- The global retail real estate market rebounded in the first half of the year, with international and luxury brands expanding to new markets and high street properties growing in popularity, according to a new report from Colliers International. Fifth Avenue in Manhattan claimed the highest rent, at $3,052 per square foot, followed by Hong Kong’s Queen's Road Central ($2,086) and Canton Road, Tsim Sha Tsui ($1,993), London’s Old Bond Street ($1,520) and Manhattan’s Madison Avenue ($1,325).
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DSW sets fall opening for two stores in New York City
Columbus, Ohio -- DSW Inc. is increasing its presence in New York City. The company will open a 27,000-sq.-ft. store on 125th Street in Harlem on Oct. 11, and a 20,000 sq. ft. store at Bay Plaza in the Bronx on Oct. 31.
The new locations bolster DSW's presence in New York City when combined with existing locations at 14th Street/Union Square, 34th Street, and the Upper West Side.