While London’s New Bond Street, Milan’s Via Montenapoleone, and New York’s Upper Fifth Avenue command the world’s highest rents, achieving the status of permanent trophy assets, their stability masks an intense dynamism in the next tier of global destinations. The real estate strategy of the world’s most powerful luxury houses is no longer just about … Read more
Soaring rents have seen London’s New Bond Street rise to become the world’s third most expensive retail street, while New York’s Upper 5th Avenue and Hong Kong’s Causeway Bay retain their first and second place rankings, according to Cushman & Wakefield. The annual Main Streets Across The World report, now in its 29th edition, … Read more
The 10 most expensive cities for retailers Hong Kong continues to rank as the world’s most expensive global retail market, recording prime rents nearly 150 percent higher than New York City and more than 400 percent higher than London and Paris, according to new research from CBRE Group. CBRE’s quarterly survey (Q1 2013), which tracks … Read more