The most expensive streets in the world
The fastest growth in 2010 was in rental rates on the main shopping streets in Latin America and Southeast Asia. Russia, fortunately, did not make it into the top ten most expensive streets. These are the data of the company Cushman & Wakefield.
The most expensive shopping street in the world remains 5th Avenue in New York. She has held this title for 9 years in a row. The furthest street in Europe is London's New Bond Street. The most expensive street in Russia is Tverskaya.
Rental rates in developing countries have grown thanks to tourism and the arrival of international retailers in these countries. Rent on Brazilian Haddock Lobo in Sao Paulo has increased by 92% - this is the largest indicator in the world.
And the biggest drop in rates in the world was recorded in Bulgaria - rates fell on 50% on Alexander Batenberg Street in the city of Plovdiv and on Alexandrovska Street in Burgas.
The most expensive trade corridor in Russia is still Tverskaya Street in Moscow. She rose from the 16th place last year to the 15th with a rental rate of 2857,4 Euro per sq. m per year.
Denis Sokolov, Head of Research and Consulting at Cushman & Wakefield, explains: “The fact that even after the crisis Moscow streets not only remained among the most prestigious shopping corridors in the world, but also strengthened their position, suggests that Moscow is integrated into the global infrastructure and is an attractive market for trade business. "
Ten major shopping streets of the world 2010
|
2010 Rating |
2009 Rating |
Country |
City |
Street |
Euro / sq. m per year |
% |
|
1 |
1 |
USA |
New York |
5 Avenue |
16,257 |
8.8+ |
|
2 |
2 |
Hong Kong |
Hong Kong |
Causeway Bay |
14,620 |
9.6+ |
|
3 |
5 |
Japan |
Tokyo |
Ginza |
7,711 |
4.5+ |
|
4 |
6 |
United Kingdom |
London |
New bond street |
7,345 |
19.4+ |
|
5 |
3 |
France |
Paris |
Champs Elysees |
6,965 |
-9.5 |
|
6 |
4 |
Italy |
Milan |
Via Montenapoleone |
6,770 |
0 |
|
7 |
7 |
Switzerland |
Zurich |
Bahnhofstrasse |
6,020 |
0 |
|
8 |
11 |
South
|
Seoul |
Mayongdong |
4,844 |
17.8+ |
|
9 |
10 |
Australia |
Sydney |
Pitt Street Mall |
4,116 |
0 |
|
10 |
9 |
Germany |
Munich |
Kaufinger Strasse |
3,704 |
3.3+ |
The fastest growth in 2010 was in rental rates on the main shopping streets in Latin America and Southeast Asia. Russia, fortunately, was not included in the top ten most expensive streets. This is the data ...
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