Hong Kong still the world's most expensive retail rent market

02/24/2014 | ChainStoreAge.com

At $4,334 per square foot, Hong Kong's prime retail rents are the highest in the world, according to CBRE Group. New York City follows, as retail rent on Fifth Avenue has hit a record $3,300 per square foot. Retail rents are also rising rapidly in Paris, London, Sydney and Tokyo, CBRE found in its quarterly ranking of 97 markets.

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