Retail asking rents in Greenpoint and Downtown Brooklyn are on the rise thanks to an influx of new residential developments. And Williamsburg’s Bedford Avenue, which saw a similar pattern years ago, is watching asking asks fall as tenants become increasingly wary of higher prices and the impending L Train shutdown. The biggest rent growths in the borough were seen on Greenpoint’s Franklin Street, where ground-floor asking rents jumped 42 percent year-over-year to $89 per square […]

Source: trdnews

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