The rise of shops rent in the world

According to the United States of America real estate consulting company released, Hongkong for second consecutive years as the global rent the most expensive retail area. This report in the past 25 years statistics 64 countries worldwide and 334 retailcore district rents and make a ranking, is widely recognized as the barometer of global retail market.

Although the global average rent rise only 3.2%, compared with 4.5% last year, slightly lower, but the statistics in 285 or about 85% of rental area in the past 12 months rent is stable or rise.

The report shows, the rent second and three respectively is the New YorkFifth Avenue and the Paris Champs Elysees, Fifth Avenue each year is about ¥170000  per square metre rent, the rent per square metre Champs Elysees each year about ¥110000 .Along with the international luxury brand demand continuously, London’s new bond street rents rose 15.6% to $1046 a year – rent , ranking from sixth last year to fourth this year, and replace theTokyo Ginza last position. Tokyo Ginza recorded a $984 annual feet rent. The top ten of the region is Italy Milan Napoleon Road, recorded a $906 annual feet rent ,the rent increases up to 7.4%, from eighth to sixth place this year.

Resources:

http://www.urbanrealm.com/news/3086/Buchanan_Street_ranked_joint_sixth_in_shop_rent_survey.html

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