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Even on an inflation-adjusted basis, NRF's forecast calls for a half-percent increase over last year's top mark.
Other New York neighborhoods are also attracting high-end retailers.
Minnesota has one of the strongest employment profiles in the nation.
But the retail category is struggling to differentiate, says one expert.
When occupancy and rent growth surged, developers kicked up building efforts to a degree that these small markets had yet to witness.
It's a more beneficial financing mechanism for businesses than borrowing against their balance sheet.
In-place rents continue to trend upwards, however.
The sentiment index has fallen four consecutive months, but improving economic data lately bodes well.
The average U.S. asking rent for October dropped to $1,718 in October.
Candidates are all over the map including several Sunbelt markets.