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Indian shopping street among world's most expensive locations

Last updated on: November 18, 2013 18:03 IST

Indian shopping street among world's most expensive locations

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There are some shopping streets in the world that are so sought-after by retailers that they are willing to pay premium rent for a space.

Let's take a look at some of the most expensive retail locations in the world, including a market in India.

Source: Cushman & Wakefield

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Image: Some streets are so sought-after by retailers that they are willing to pay premium rent for a space.
Photographs: Tony Gentile/Reuters

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Khan Market

City: New Delhi

Country: India

Annual rent per square foot: $252

Rank in rental rate in 2012: 26

Rank in rental rate in 2013: 28

Khan Market, one of the most famous shopping areas in the capital, has fallen two places in rental rates.

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Image: A shopkeeper arranges books in his shop at Khan Market in New Delhi.
Photographs: Adnan Abidi/Reuters

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Causeway Bay

City: Hong Kong

Country: Hong Kong

Annual rent per square foot: $3,017

Rank in rental rate in 2012: 1

Rank in rental rate in 2013: 1

Causeway Bay retains its position as the most expensive retail location in the world.

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Image: Customers line up outside a Prada store at Hong Kong's shopping district.
Photographs: Bobby Yip/Reuters

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5th Avenue

City: New York

Country: United States

Annual rent per square foot: $2,500

Rank in rental rate in 2012: 2

Rank in rental rate in 2013: 2

5th Avenue retains its position as the second most expensive retail location in the world.

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Image: Pedestrians walk past the Harry Winston jewellery store, right, on 5th Avenue in New York, United States.
Photographs: Lucas Jackson/Reuters

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Avenue des Champs-Elysees

City: Paris

Country: France

Annual rent per square foot: $1,601

Rank in rental rate in 2012: 3

Rank in rental rate in 2013: 3

Avenue des Champs-Elysees is one of the most famous locations in Paris.

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Image: A view of the Champs Elysees Avenue and the Arc de Triomphe monument in Paris, France.
Photographs: Gonzalo Fuentes/Reuters
Tags: Paris , France

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New Bond Street

City: London

Country: United Kingdom

Annual rent per square foot: $1,047

Rank in rental rate in 2012: 6

Rank in rental rate in 2013: 4

New Bond Street has climbed two ranks in rental rates compared to last year.

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Image: A woman exits the Louis Vuitton shop on New Bond Street in London, United Kingdom.
Photographs: Luke MacGregor/Reuters

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Ginza

City: Tokyo

Country: Japan

Annual rent per square foot: $984

Rank in rental rate in 2012: 4

Rank in rental rate in 2013: 5

Ginza has fallen one place in rental rates compared to last year.

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Image: A woman walks past Tiffany Building at Tokyo's Ginza shopping district, Japan.
Photographs: Toru Hanai/Reuters

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Via Montenapoleone

City: Milan

Country: Italy

Annual rent per square foot: $906

Rank in rental rate in 2012: 8

Rank in rental rate in 2013: 6

Via Montenapoleone has risen two places in rental rates compared to last year.

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Image: Women runs past a clothing boutique announcing its New Year sales in Milan, Italy.
Photographs: Stefano Rellandini/Reuters
Tags: Italy , Milan

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Bahnhofstrasse

City: Zurich

Country: Switzerland

Annual rent per square foot: $874

Rank in rental rate in 2012: 7

Rank in rental rate in 2013: 7

Bahnhofstrasse retains its position as the seventh most expensive retail location in the world.

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Image: People walk past the Jelmoli department store on Zurich's main shopping street Bahnhofstrasse, Switzerland.
Photographs: Arnd Wiegmann/Reuters

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Pitt Street Mall

City: Sydney

Country: Australia

Annual rent per square foot: $850

Rank in rental rate in 2012: 5

Rank in rental rate in 2013: 8

Pitt Street Mall has fallen three places in most expensive retail location ranking.

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Image: Lunchtime crowds flood into the Pitt Street Mall in Sydney, Australia.
Photographs: Will Burgess/Reuters

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Myeongdong

City: Seoul

Country: South Korea

Annual rent per square foot: $732

Rank in rental rate in 2012: 9

Rank in rental rate in 2013: 9

Myeongdong remains the ninth most expensive retail location in the world.

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Image: A view of Myeongdong shopping district in central Seoul, South Korea.
Photographs: Woohae Cho/Reuters

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Kohlmarkt

City: Vienna

Country: Austria

Annual rent per square foot: $536

Rank in rental rate in 2012: 11

Rank in rental rate in 2013: 10

Kohlmarkt has risen one place in the most expensive retail location ranking.

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Image: Christmas decorations illuminate a shopping street in the centre of Vienna, Austria.
Photographs: Heinz-Peter Bader/Reuters

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Kaufingerstrabe

City: Munich

Country: Germany

Annual rent per square foot: $522

Rank in rental rate in 2012: 10

Rank in rental rate in 2013: 11

Retailers at Kaufingerstrabe have to shell out $522 per sq ft rent per year.

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Image: Tourists Caro and Anna from Munich lie in a bed mounted to a rental bike as they ride along in central Berlin, Germany.
Photographs: Thomas Peter/Reuters

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Stoleshnikov

City: Moscow

Country: Russia

Annual rent per square foot: $465

Rank in rental rate in 2012: N/A

Rank in rental rate in 2013: 12

Retailers at Stoleshnikov have to shell out $465 per sq ft rent annually.

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Image: A woman walks past a Vivienne Westwood boutique in Moscow, Russia.
Photographs: Thomas Peter/Reuters

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Wangfujing

City: Beijing

Country: China

Annual rent per square foot: $436

Rank in rental rate in 2012: 14

Rank in rental rate in 2013: 13

Retailers at Wangfujing have to shell out $436 per sq ft rent annually.

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Image: Security guards talk with a passer-by on Wangfujing street in Beijing, China.
Photographs: Alfred Cheng Jin/Reuters

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Iguatemi

City: Sao Paulo

Country: Brazil

Annual rent per square foot: $404

Rank in rental rate in 2012: 12

Rank in rental rate in 2013: 14

Retailers at Iguatemi have to shell out $404 per sq ft rent annually.

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Image: A security guard stands at the entrance of the Iguatemi Mall in Sao Paulo, Brazil.
Photographs: Nacho Doce/Reuters

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Portal de l'Angel

City: Barcelona

Country: Spain

Annual rent per square foot: $384

Rank in rental rate in 2012: 15

Rank in rental rate in 2013: 15

Portal de l'Angel remains the 15th most expensive retail location in the world.

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Image: A man holds a foam cutout of five euros, which is an advertisement for a shop, as he walks in central Barcelona, Spain.
Photographs: Albert Gea/Reuters

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Orchard Road

City: Singapore

Country: Singapore

Annual rent per square foot: $354

Rank in rental rate in 2012: 16

Rank in rental rate in 2013: 16

Orchard Road remains the 16th most expensive retail location in the world.

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Image: British model Lily Cole poses at a traffic intersection during a photo shoot on Orchard Road in Singapore.
Photographs: Vivek Prakash/Reuters

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Kalverstraat

City: Amsterdam

Country: The Netherlands

Annual rent per square foot: $350

Rank in rental rate in 2012: 18

Rank in rental rate in 2013: 17

Kalverstraat has climbed one place in the most expensive retail location ranking.

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Image: Visitors of a local cafe are reflected in a window in Amsterdam, the Netherlands.
Photographs: Michael Kooren/Reuters

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Karl Johans Gate

City: Oslo

Country: Norway

Annual rent per square foot: $342

Rank in rental rate in 2012: 22

Rank in rental rate in 2013: 18

Karl Johans Gate has climbed three places in the most expensive retail location ranking.

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Image: Shoppers walk along Karl Johans Gate, the main shopping street in Oslo, Norway.
Photographs: Suzanne Plunkett/Reuters

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Pavilion KL

City: Kuala Lumpur

Country: Malaysia

Annual rent per square foot: $323

Rank in rental rate in 2012: 19

Rank in rental rate in 2013: 19

Pavilion KL retains its position as the 19th most expensive retail location in the world.

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Image: A view of a shopping district in Kuala Lumpur, Malaysia.
Photographs: Bazuki Muhammad/Reuters

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Ramat Aviv

City: Tel Aviv

Country: Israel

Annual rent per square foot: $322

Rank in rental rate in 2012: 21

Rank in rental rate in 2013: 20

Retailers at Ramat Aviv have to shell out $322 per sq ft rent annually.

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Image: A salesperson watches as a woman tries on a pair of shoes in Tel Aviv, Israel.
Photographs: Sharon Perry/Reuters

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Shopping Centre

City: Bogota

Country: Colombia

Annual rent per square foot: $318

Rank in rental rate in 2012: 24

Rank in rental rate in 2013: 21

Retailers at Shopping Centre have to shell out $318 per sq ft rent annually.

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Image: Customers sit in a Juan Valdez cafe north of Bogota, Colombia.
Photographs: Jose Miguel Gomez/Reuters

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Bloor Street

City: Toronto

Country: Canada

Annual rent per square foot: $303

Rank in rental rate in 2012: 20

Rank in rental rate in 2013: 22

Retailers at Bloor Street have to shell out $303 per sq ft rent annually.

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Image: A woman carries shopping bags during the Christmas season in Toronto, Canada.
Photographs: Mark Blinch/Reuters

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Grafton Street

City: Dublin

Country: Ireland

Annual rent per square foot: $288

Rank in rental rate in 2012: 17

Rank in rental rate in 2013: 23

Grafton Street has fallen three places in most expensive retail location ranking.

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Image: A woman has her make up applied in the Brown Thomas department store on Grafton Street in central Dublin, Ireland.
Photographs: Cathal McNaughton/Reuters

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Kreschatik Street

City: Kiev

Country: Ukraine

Annual rent per square foot: $279

Rank in rental rate in 2012: 23

Rank in rental rate in 2013: 24

Kreschatik Street has fallen one place in most expensive retail location ranking.

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Image: People walk past a shop window displaying wedding dresses after an unusually heavy snowstorm in Kiev, Ukraine.
Photographs: Gleb Garanich/Reuters

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Stroget

City: Copenhagen

Country: Denmark

Annual rent per square foot: $275

Rank in rental rate in 2012: 25

Rank in rental rate in 2013: 25

Stroget retains its position as the 25th most expensive retail location in the world.


Image: A view of Copenhagen, Denmark.
Photographs: Fabian Bimmer/Reuters

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