Rent on Khreshchatyk - one of the most expensive in Europe
12.01.2012 2592

Rent on Khreshchatyk - one of the most expensive in Europe

The central street of Kiev is recognized as one of the most expensive in Europe. One square meter of rent at Khreshchatyk costs $ 3,6 thousand per year. The rental rate growth in recent months amounted to more than 30%. These are the data of the consulting company Colliers Int.

Khreshchatyk attracts well-known international brands mainly by opening stores, but this street is not a priority for the development of high fashion brands. “The number of brand stores that have appeared on Khreshchatyk over the past 3-4 years, as well as heavy pedestrian traffic, made the street attractive for both retailers and buyers,” comments Natalya Kravets, director of retail real estate department at Colliers Int in Ukraine.

According to a rating study, Khreschatyk Street took the 17 place in Europe in terms of rental costs, overtaking St. Petersburg and Copenhagen, The Epoch Times reports.

Note that Fifth Avenue in New York is recognized as the most expensive street in TOP-20 for merchants and buyers. The average annual rental rate of 1 sq. M. Of retail space in June 2011 of the year there amounted to more than $ 23 thousand. At the same time, the rental rate growth over the past year amounted to 72%.

In second place in the TOP-20 most expensive streets in the world - Russell Street in Hong Kong. There, the annual rental rate is more than $ 16 thousand per 1 sq. M., With the cost growth of rent in 2011 - 25,6%. The third position was taken by London's Old Bond Street, where you have to pay more than $ 10 thousand per square meter of rent per year. The rating also includes Tverskaya Street (Moscow), according to
 The central street of Kiev is recognized as one of the most expensive in Europe. One square meter of rent on Khreshchatyk costs $ 3,6 thousand in ...

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