Delhi's Khan Market world's 20th most expensive retail location: Report
By Retail4Growth Team | November 25, 2019
Delhi's upscale Khan Market has moved up one position to become the world's 20th most expensive retail location.
Delhi's upscale Khan Market has moved up one position to become the world's 20th most expensive retail location, according to global property consultant Cushman & Wakefield.
In its latest report 'Main Streets Across the World 2019', the consultant said that Khan market is ranked 20th in the list of the most expensive retail locations with an annual rent of USD 243 per sq ft. Last year, Khan market was at 21st place with a rent of USD 237 per sq ft a year.
Causeway Bay in Hong Kong retains the number one ranking, commanding an annual rent of USD 2,745 per sq ft.
New York's Upper 5th Avenue is at second position (USD 2,250 per sq ft), followed by London's New Bond Street (USD 1,714 per sq ft) and Avenue des Champs Elysees in Paris (USD 1,478 per sq ft).
Via Montenapoleone in Milan, Italy ranks fifth with an annual rent of USD 1,447 per sq ft, the report said.
The rankings are based on rentals during the second quarter of 2019 calendar year. The Cushman & Wakefield report tracked 448 locations across 68 countries.