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Apartment Sector Likely to Experience Continued Rent Growth, Albeit at a Slower Pace

Apartment rents are rising, but far below previous years levels.

Kushner Cos. will have to renegotiate its $285 million loan after one of the retail tenants broke its lease.

With store closings piling up, retail landlords are finding it easier to agree reduced rents to keep tenants operating.

The greetings card chain, which employs 2,500 staff, wants shop closures and rent reductions.

The area on Fifth Avenue between 42nd and 49th streets saw a 25 percent decline in retail rents since 2018.

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