Hope for the holidays: Hot retail areas continue to sizzle, with Black Friday sales boding well for season

From the December issue:  With parts of the city still damaged in the wake of Hurricane Sandy, it’s a little hard to get into the holiday spirit this year. Still, real estate professionals said they expect a strong holiday-shopping season — bolstered by locals and tourists alike — to push Manhattan retail rents higher and shrink availability, at least in the city’s prime retail corridors. “I think all of us in retail have a lot of confidence coming into the holiday season,” said Joanne Podell, executive vice president in retail at Cushman & Wakefield. That confidence is not unfounded. [more]

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