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
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.