Causeway Bay in Hong Kong retains the number one ranking, commanding an annual rent of $2,745 per sq ft
Current Affairs:Delhi’s upscale Khan Market has climbed one situation to turn into the world’s twentieth most costly retail store, as per worldwide property advisor Cushman and Wakefield.
In its most recent report ‘Central avenues Across the World 2019’, the specialist said that Khan advertise is positioned twentieth in the rundown of the most costly retail stores with a yearly lease of $243 per sq ft.
A year ago, Khan advertise was at 21st spot with a lease of $237 per sq ft a year.
Thoroughfare Bay in Hong Kong holds the main positioning, telling a yearly lease of $2,745 per sq ft.
New York’s Upper fifth Avenue is at second position ($2,250 per sq ft), trailed by London’s New Bond Street ($1,714 per sq ft) and Avenue des Champs Elysees in Paris ($1,478 per sq ft).
Through Montenapoleone in Milan, Italy positions fifth with a yearly lease of $1,447 per sq ft, the report said.
The rankings depend on rentals during the second quarter of 2019 schedule year. The Cushman and Wakefield report followed 448 areas crosswise over 68 nations.
On the India showcase, the report said that “rental patterns over the previous year have to a great extent been pointing upwards, with the absence of accessibility in the best shopping centers pushing more brands to search out noticeable, high footfall areas in the principle business hallways”.
Aditi Mehta 