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
10 cities that have the most expensive retail space
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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
10 cities that have the most expensive retail space
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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
10 cities that have the most expensive retail space
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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
10 cities that have the most expensive retail space
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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
10 cities that have the most expensive retail space
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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
10 cities that have the most expensive retail space
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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
10 cities that have the most expensive retail space
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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
10 cities that have the most expensive retail space
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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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