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Retail Rents Falling From Manhattan To Los Angeles

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retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

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Surge In eCommerce Has Port Of Los Angeles Facing 50 Pct More Cargo Shipments Than First Half Of 2020

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In Los Angeles, a widespread glut of shipments has slowed down operations at the nation's busiest container port complex, the Port of Los Angeles , according to CNBC. Port of Los Angeles Executive Director Gene Seroka , speaking Monday (Dec. 28) on CNBC, said the cargo volume is up 50 percent.

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Nordstrom Local Expands In Los Angeles

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Following a positive reception from customers , Nordstrom Local announced two more Los Angeles locations for its hyperlocal retail concept. Overall, Nordstrom’s largest market is Los Angeles: The city has four million customers and 16 full-line, brick-and-mortar stores. and super easy for them.”.

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Tesla’s Cybertruck Debuts At Los Angeles Event

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At one of the firm’s signature promotional events in Los Angeles, Tesla CEO Elon Musk unwrapped the automaker’s Cybertruck all-electric pickup. The vehicle, which will start at $39,900, is designed in the form of a large metallic trapezoid, CNBC reported.

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Whole Foods 365 Expands To Los Angeles

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Whole Foods has expanded its 365 concept to Los Angeles with a new opening in the Silver Lake neighborhood. The store focuses on serving millennial customers who value convenience, are mindful of price and tend to keep away from products containing artificial preservatives and colors.

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The Revivals Of Malls And Unattended Retail

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And in unattended retail, Stockwell ’s new name sparked a turnaround for the firm. 1,000: Minimum number of Stockwell machines across the San Francisco Bay Area, Los Angeles, Houston and Chicago. percent: The rate by which overall retail sales increased from Nov. All this, Today in Data.

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High-End Retailers Block Access To Storefronts In New York

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As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood. Retail shops in storied retail locations have shut their doors. In other retail news, department stores in the U.S.

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