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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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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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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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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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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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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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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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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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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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