Rieker
The most expensive streets in the world
27.10.2011 4292

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

.

6

4

Italy

Milan

Via Montenapoleone

6,770

0

7

7

Switzerland

Zurich

Bahnhofstrasse

6,020

0

8

11

South
Korea

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 ...
5
1
Please rate the article
Euro Shoes Exhibition

Materials on the topic

“There was a light at the end of the tunnel…” Participants in the shoe market on the situation in the industry.

2020 became a crisis year for the real sector of the economy and the footwear industry. Shoes Report talked with the wholesale companies, with Mikhail Kryuchkov, the head of the Paloma distribution company, which represents a number of Spanish footwear on the Russian market ...
22.12.2020 8537

Dead Season. What will turn Covid-19 quarantine for shoe retail

Shoe retail resumes operations in Moscow and the regions, calculates losses, evaluates prospects. Two and a half months of downtime turned out to be a serious test for ...
01.06.2020 17614

10 main trends in retail for the next 3 years

Ten main trends emerging in the past year, which will determine the development of world retail in the near future
11.03.2020 21580

Marking shoes started. MTCT appointed as operator of pilot labeling project

On June 1, 2018 in Russia launched a pilot project for marking shoes, so far on a voluntary basis. The system operator has been appointed a subsidiary of the Center for the Development of Advanced Technologies “Operator CRPT”, created to implement the Unified National ...
23.07.2018 11685

Chipping shoes: to be or not to be

The proposal of the Ministry of Industry and Trade of Russia on the marking (chipping) of shoes caused a heated discussion among experts and participants in the shoe ...
10.08.2017 31644
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning