B'nai Moshe was a few blocks from the heart of the old pushcart ghetto, still the city's poorest district though home no longer to B'nai Moshe's congregants but to a community of impoverished Negroes, recent migrants from the South.
In Shanghai, for instance, rents this year have increased 18% for grade-A and grade-B buildings in the popular Puxi district as vacancies have fallen to a ten-year low of around 7%, according to Jones Lang LaSalle, a global property consultant.