Aspen's downtown retail rental rates are some of the highest in the country.
Well-located spaces smaller than 1,000 square feet on key intersections such as Galena Street and Cooper Avenue are reaching rents of more than $250 per square foot net of expenses. Larger spaces are going for almost $200 per square foot. So what level of retail rents could we expect to see in downtown Aspen in 10 years, and what impact will higher rental rates have on the tenant mix in downtown Aspen?
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