Stoleshnikov - in the top five most profitable streets in the world
Stoleshnikov Lane entered the top five most profitable for retail streets in the world. This conclusion was reached by specialists from the Swiss appraisal company Swiss Appraisal. At the same time, analysts clarify that most of the data on rental rates and transaction amounts in street retail is classified.
In the course of the study, information about the retail space in 200 states was analyzed. But, according to evaluators, all 65 countries have real trade corridors with high traffic and an established market. In each of these countries, one city was selected for research. The street profitability level was determined on the basis of what percentage of the funds invested in the acquisition of the area (in dollars) the owner will return for the year if he rents it out.
As a result, Beijing Street in Tbilisi was recognized as the most profitable "trade artery" - 9,9%. On the second place in the ranking of profitability is Knyaz Mihailova Street in Belgrade (9,1%), on the third - Kiev Khreshchatyk (9%), on the fourth - on Macedonia Street in the capital of the country Skopje (8,75%). Stoleshnikov lane with a yield of 8,5% took the fifth line. Streets in Alma-Ata, Vilnius, Lima, Tallinn and the Cape Town suburb of Belville hold from sixth to tenth place in the ranking. At the end of the TOP-65 were Biblioteksgatan in Stockholm (1,8%) and Karl Johans Street in Oslo, Norway (1,75%).
At the same time, the highest rental rates in the world, according to Swiss Appraisal specialists, were noted in New York on Fifth Avenue - $ 38,2 thousand / sq. m, and when selling a store, the cost of one "square" will be on average $ 1,2 million here. In addition, the price per square meter for trading on Causeway Bay in Hong Kong can reach up to $ 1,4 million.
But since most of the data is not subject to disclosure, Swiss Appraisal cites in the study information about only two public transactions in street retail on the main shopping streets of the world. The first is a deal to acquire premises on Madison Avenue in New York ($ 83 million for 514 sq. M), the second is the purchase of a boutique by the Swiss watch company Swatch on Via Montenapoleone in Milan ($ 50 million for 300 sq. M) .
Stoleshnikov Lane entered the top five most profitable for retail streets in the world. This conclusion was reached by specialists from the Swiss appraisal company Swiss Appraisal. At the same time, analysts clarify that the big ...
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