Although not surprised New York retail is a premium,
retail rents around the world were a bit different
than most people might expect.
See what you think...
|Shopping in NYC. Photo: Exploring Monkey|
Most Expensive Retail Rent Markets*
|Number 10 on the list, Melbourne Australia. Photo: The Age|
1. New York
2. Hong Kong
Living in Australia at the moment, I'm none-too-proud
that THREE of 10 the most expensive cities are in OZ!
Yet another reason online shopping is sweeping the nation. Although you might successfully surmise
some of the cities on the list, I wonder
how many would get the order correct.
Here are the next 10.
12. Los Angeles
|Mall in Beijing, China. Photo: Tree Hugger|
Three cities in China mixing it up with Milan & Rome—
and Los Angeles rent cheaper than Moscow?
It's an ever-changing world out there.
*Research by CB Richard Ellis (CBRE) as reported by RagTrader
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