3 Indian cities see highest rental growth in world
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Rental rates are increasing everywhere, but where are they rising the most?
Let's take a look at the top retail rental growth markets in the world, according to Cushman and Wakefield.
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Image: Tourists pass a Louis Vuitton shop closed for refurbishment, its facade covered with a faux suitcase, in Rome.
Photographs: Chris Helgren/Reuters
3 Indian cities see highest rental growth in world
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India
Location: Colaba Causeway
City: Mumbai
Annual rental growth: 75 per cent
Annual rent: $150 per sq ft
Global rank: 1
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Image: Shoppers leave a retail store inside a mall in Mumbai.
Photographs: Danish Siddiqui/Reuters
3 Indian cities see highest rental growth in world
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Brazil
Location: Garcia d'avila (ipanema)
City: Rio de Janeiro
Annual rental growth: 64.70 per cent
Annual rent: $155 per sq ft
Global rank: 2
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Image: Tourists take pictures, with the Rodrigo de Freitas Lagoon in the background, in Rio de Janeiro.
Photographs: Ricardo Moraes/Reuters
3 Indian cities see highest rental growth in world
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The United States
Location: Times Square
City: New York
Annual rental growth: 55.60 per cent
Annual rent: $2,100 per sq ft
Global rank: 3
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Image: The Brooklyn Bridge and Manhattan Bridge is seen from the 90th storey of One World Trade Center in New York.
Photographs: Lucas Jackson/Reuters
3 Indian cities see highest rental growth in world
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The United States
Location: Lincoln Road
City: Miami
Annual rental growth: 54.80 per cent
Annual rent: $240 per sq ft
Global rank: 4
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Image: Tourists walk along Ocean Drive in South Beach Miami, Florida.
Photographs: Carlos Barria/Reuters
3 Indian cities see highest rental growth in world
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India
Location: Park Street
City: Kolkata
Annual rental growth: 53.80 per cent
Annual rent: $86 per sq ft
Global rank: 5
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Image: A horse-cart passes in front of the Queen Victoria Memorial in Kolkata.
Photographs: Jayanta Shaw/Reuters
3 Indian cities see highest rental growth in world
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Colombia
Location: Shopping Centre
City: Bogota
Annual rental growth: 41 per cent
Annual rent: $279 per sq ft
Global rank: 6
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Image: A couple chat as they drink coffee at Juan Valdes cafe in Bogota.
Photographs: Fredy Builes/Reuters
3 Indian cities see highest rental growth in world
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South Korea
Location: Garosugil
City: Seoul
Annual rental growth: 41 per cent
Annual rent: $247 per sq ft
Global rank: 7
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Image: A view of Seoul.
Photographs: Lee Jae Won/Reuters
3 Indian cities see highest rental growth in world
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The United States
Location: Penn Quarter
City: Washington, DC
Annual rental growth: 40 per cent
Annual rent: $140 per sq ft
Global rank: 8
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Image: Downtown Washington, DC.
Photographs: Jim Bourg/Reuters
3 Indian cities see highest rental growth in world
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Brazil
Location: Sao Conrado Fashion Mall
City: Rio de Janeiro
Annual rental growth: 39.50 per cent
Annual rent: $166 per sq ft
Global rank: 9
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Image: Statue of Christ the Redeemer on Corcovado Mountain in Rio de Janiero.
Photographs: Handout/Reuters
3 Indian cities see highest rental growth in world
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India
Location: Khader Nawaz Khan Road
City: Chennai
Annual rental growth: 36.70 per cent
Annual rent: $44 per sq ft
Global rank: 10
Image: Fishermen pull their fishing net from the waters of Bay of Bengal during sunrise in Chennai.
Photographs: Babu Babu/Reuters
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