New York’s Retail Rents the Second Most Expensive in the World, Study Says

New York’s Retail Rents the Second Most Expensive in the World, Study Says

Hong Kong is holding on to its title as the world’s most expensive city for retail rents, according to the second quarter report from real estate services firm CBRE. CBRE estimates rents in the city average $4,328 per sq. ft. per year—29.5 percent above the second runner-up, New York. In New York, retail rents currently average $3,050 per sq. ft. per year.

Rounding up the list of the top 10 most expensive retail real estate markets in the world are P

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