13.02.2013 - Hong Kong most expensive global retail market - London, Paris and Moscow in the top-10
Hong Kong is the worlds most expensive global retail market as wealthy Chinese tourists, luxury retailer expansion and a shortage of prime space drive rents to record highs, according to new research from global property advisor CBRE Group, Inc. (CBRE). CBREs quarterly survey, which tracks the top-10 most expensive prime global retail markets, continued to find historically low construction rates of prime retail space, leading to low availability levels and fierce competition. This dynamic is driving record rents across many global retail markets, including those ranking among the most expensive, such as Hong Kong, London, Paris and Sydney...............................................Full Article: Source
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