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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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Charlotte Russe to open at Moorestown Mall
Moorestown, N.J. — Charlotte Russe will join Moorestown Mall’s lineup this fall with a 5,000-sq.-ft. store located in the center of the mall. Over the next several months, Marc Vetri’s Osteria, Firebirds Wood Fired Grill, Corner Bakery and the Regal Premium Experience (RPX) Theater will open stores in the mall as well. Distrito by Jose Garces is set to join the mall in 2014.