Word: retailing
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Dates: during 1990-1999
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This year, three large retail outlet stores will enter the market-Tower Records on Mt. Auburn St., and HMV and The Express, a division of The Limited, at the newly-constructed One Brattle Square. And the Body Shop, an environmentally conscious beauty products store, joined the Square business community...
...that stability that makes the Square attractive to prospective retailers and office-renters. Once space is rented in Harvard Square, especially retail space, it is usually rented for a long time...
With partner John Hall, Friedman is planning to demolish the Harvard Manor House Hotel and replace it with a six-story building that will open up 100,000 square feet of new retail and office space. The demand for that space, Friedman says, is still high...
...DiGiovanni say that prime retail space is renting at about $100 a square foot and the best office space at $25 a square foot, prices comparable to those of top locations in Boston...
DiGiovanni says that he currently has no vacancies in his rental space, and that there is little turnover, especially in retail...