Why it matters
Higher rents could affect costs for retailers leasing space and returns for property owners. The report does not specify how many leases were involved or where the growth occurred.
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Simon Property Group says rents on its new leases rose 17% as demand for retail space outpaced supply. The company is looking to expand its portfolio.
HOW THIS BRIEF WAS MADE 1 outlet: 1 trade press. Automated sourcing and summaries by the BLUF engine. Corrections
Higher rents could affect costs for retailers leasing space and returns for property owners. The report does not specify how many leases were involved or where the growth occurred.