Where is the most expensive shop
People running their shops in the retail sector dream of having their shop in Connaught Place in Delhi, Linking Road in Mumbai or Park Street in Kolkata. But do you know which market has the most expensive shop rent in India?
Cushman & Wakefield report
Real estate consultancy company Cushman & Wakefield said in a report that Delhi’s Khan Market is the 22nd most expensive retail market in the world in terms of rent. Last year it was ranked 21st in this list. The annual rent here is $217 per square foot.
Khan Market in world 25 expensive market
The company has said in its report ‘Major Markets of the World’ that Delhi’s Khan Market is included in the top 25 most expensive main markets of the world. The market is ranked 22nd in the prestigious major markets list with current rent growth of seven per cent compared to pre-COVID-19 pandemic and three per cent year-on-year growth.
The most expensive market in New York
It is being reported that New York’s Fifth Avenue has retained its top ranking as the world’s most expensive retail market. Milan’s Via Montenapoleone moved up one place to second place, displacing Hong Kong’s Tsim Sha Tsui.
Tsim Sha Tsui came in third place
Tsim Sha Tsui market located in Hong Kong, China slipped to third place. New Bond Street in London retained the fourth position and Avenue des Champs-Élysées in Paris retained the fifth position.
Big leap from Istanbul market
Cushman & Wakefield’s report states that Istanbul’s Istiklal Street took the biggest jump in the list of expensive markets. Which moved from 31st to 20th position. Its fare more than doubled compared to last year.
Khan market number one in India also
Cushman & Wakefield said the top five markets in India are Khan Market, Connaught Place (Delhi), Linking Road (Mumbai), Galleria Market (Gurugram) and Park Street (Kolkata).
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