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Asia-Pacific retail rents lead gains; New York Fifth Avenue keeps top spot

Posted on 02 September 2011

Asia-Pacific nations led a global recovery in prime retail rents as tenants sought to expand in the region, while New York’s Fifth Avenue kept its spot as the world’s most expensive shopping strip.

Rents across the Asia-Pacific region climbed 12.2 percent, the Americas rose 7.4 percent and those in Europe increased 1.9 percent, according to a survey of 63 nations by real estate services company Cushman & Wakefield. Rents across the globe advanced almost 5 percent in the year to June after a decline of about 1.5 percent a year earlier, according to the report……………………………………….Full Article: Source


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