Shopping streets and rents

The turnover of the popular shopping streets is particularly high in the pre-Christmas period, where a large part of the stores’ revenue is generated during this period. Apart from special cases in the real estate market, the highest rents are also tied to these retail premises, especially in those streets that have been famous for their luxury stores for decades. Cushman & Wakefield has collected where the rental rates are the highest – portfolio.hu wrote.

In New York’s 5th Avenue (between 49th and 60th Street – until Central Park) – the average rent is 28,000 euros per square meter per year. For one hundred square meters of retail space, this means a rent of 73 million HUF a month. However, there are no surprises in the order of the other cities. New York is followed by Hong Kong, London, Milan, Paris, Tokyo and Sydney. (portfolio.hu)