The Boston Business Journal has an article today regarding empty storefronts on Newbury Street.
Apparently, landlords are demanding rents that would justify building purchases that surpassed $1,000 per sq ft and in some cases even higher.
According to the article: “Brokers who work in the area say they’ve never seen so much space on the market at one time. And it’s not just ground floor locations. Offices above the stores also are vacant.”
File Under: Sorry Bradley – What’s happening to the best nabe?
