Survey: Drop-off expected in global retail rents

11/21/2008 |

Rents in the most expensive retail markets rose in the third quarter but are expected to fall, according to CB Richard Ellis' Retail Rents Survey. "Even with all this going on around us now, vacancy rates are still in the single-digit numbers. And you look at the fastest growing markets, such as Abu Dhabi and Tel Aviv, they are emerging markets, starting to feel their oats over the more mature markets like in the U.S.," said Ray Torto, chief global economist with CBRE.

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