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