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10 cities that have the most expensive retail space

Last updated on: May 14, 2013 10:37 IST

10 cities that have the most expensive retail space

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Global property advisor CBRE Group has ranked 10 cities that have the highest rent for retail outlets.

Let's take a look at the world's top retail hotpots

Moscow

Rank: 10

Annual rent (per sq ft): $739 (approx. Rs 40,549)

Approx monthly cost of renting a 500 sq ft store: Rs 17 lakh

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Image: Moscow skyline.
Photographs: Sergei Karpukhin/Reuters

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Brisbane

Rank: 9

Annual rent (per sq ft): $739 (approx. Rs 40,549)

Approx monthly cost of renting a 500 sq ft store: Rs 17 lakh

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Image: The Brisbane River is seen flowing past the skyline of central Brisbane.
Photographs: Mick Tsikas/Reuters
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Zurich

Rank: 8

Annual rent (per sq ft): $822 (approx. Rs 45,103)

Approx. monthly cost of renting a 500 sq ft store: Rs 19 lakh

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Image: A general view shows the city of Zurich with the Fraumuenster church (R) and the lake Zurich (L).
Photographs: Michael Buholzer/Reuters
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Melbourne

Rank: 7

Annual rent (per sq ft): $851 (approx. Rs 46,694)

Approx. monthly cost of renting a 500 sq ft store: Rs 19.5 lakh

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Image: Sailboats dock in front of the Melbourne skyline.
Photographs: Mick Tsikas/Reuters
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Tokyo

Rank: 6

Annual rent (per sq ft): $895 (approx. Rs 49,109)

Approx. monthly cost of renting a 500 sq ft store: Rs 20.5 lakh

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Image: Japan's Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo.
Photographs: Kimimasa Mayama/Reuters

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Sydney

Rank: 5

Annual rent (per sq ft): $1,018 (approx. Rs 55,858)

Approx. monthly cost of renting a 500 sq ft store: Rs 23 lakh

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Image: Yoga enthusiasts perform sun salutations in front of the Sydney skyline.
Photographs: Tim Wimborne/Reuters
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Paris

Rank: 4

Annual rent (per sq ft): $1,050 (approx. Rs 57,614)

Approx. monthly cost of renting a 500 sq ft store: Rs 24 lakh

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Image: The Eiffel tower, la Defence business district (background) and the Montparnasse tower (R) are seen in an aerial view in Paris.
Photographs: Charles Platiau/Reuters
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London

Rank: 3

Annual rent (per sq ft): $1,053 (approx. Rs 57,778)

Approx. monthly cost of renting a 500 sq ft store: Rs 24 lakh

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Image: A shopper passes an advertisement on a shop in Oxford Street in London.
Photographs: Luke MacGregor/Reuters

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New York

Rank: 2

Annual rent (per sq ft): $2,970 (approx. Rs 162,964)

Approx. monthly cost of renting a 500 sq ft store: Rs 68 lakh

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Image: A full moon rises behind the Empire State Building in New York.
Photographs: Gary Hershorn/Reuters
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Hong Kong

Rank: 1

Annual rent (per sq ft): $4,328 (approx. Rs 237,477)

Approx. monthly cost of renting a 500 sq ft store: Rs 99 lakh


Image: Hong Kong Skyline.
Photographs: Bobby Yip/Reuters

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