· Rents can vary between neighborhoods, but the average asking rent in the entire borough is predicted to climb 9 percent this year.
· New rents on spaces leased to national tenants are expected to rise at a much greater rate.
· In the multi-tenant sector, the median price has advanced 11 percent during the most recent 12-month span to $267 per square foot, compared with a 4 percent gain in the previous year.
For a copy of the complete Brooklyn Retail Research Report, as well as reports on other markets nationwide, visit our website at http://www.marcusmillichap.com/.
Press Contact: Stacey Corso