square foot as effective rates rise 0.5 percent to $18.82 per square foot.
Retail rents: In 2011, asking rents will inch up 0.3 percent to $21.36 per square foot and effective
rents will rise 0.4 percent to $17.53 per square foot. Asking and effective rents declined 0.6
percent and 1.5 percent, respectively, last year.
Source: Marcus & Millichap research report