Rating of the most expensive streets in Europe and the world

19.02.2011 16:30
Experts of the Swiss company Location Group conducted the new study, which compared the rental rates for different streets in the world.

According to the report of the study, the most expensive street in Europe recognized the Bahnhofstrasse in Zurich, which is a world ranking of most expensive streets took only third place as the cost of rent per square meter commercial space in the year reached 10,3 thousand francs ($ 11 thousand) .

Related article: The most unusual winter giving the world

First place in the world ranking is Fifth Avenue in New York, where the cost of rent per square meter is $ 24.2 thousand, the second - Hong Kong's Causeway Bay ($ 20.8 thousand), informs portal euromag.ru.

Fourth place is Tokyo's Ginza ($ 10,4 thousand), and fifth in London's New Bond Street with the cost of rent of $ 10 thousand.

Previously in similar rankings Bahnhofstrasse never held the lead. For example, in the November study, Cushman & Wakefield Bahnhofstrasse got only seventh place world ranking with $ 7.5 thousand per square meter. Then the street in Zurich could not get ahead of Fifth Avenue, Ginza, Causeway Bay, New Bond Street, the Champs Elysees and Milan's Via Montenapoleone. Similar position at the Bahnhofstrasse with $ 7,8 thousand were in the June ranking company Colliers International.

According to experts, it is difficult to imagine that in such a short time Bahnhofstrasse could rise in price so much that has overtaken this indicator and the Champs Elysees of Paris, and London's New Bond Street. For example, according to the latest rating Colliers International, Zurich is the third largest rental rates for retail space, behind London and Paris.

The same opinion is shared by a consulting company Knight Frank.

"The most expensive shopping streets, if we compare the European markets continue to be New Bond Street in London and the Champs Elysees in Paris. They are slightly inferior to the price of shopping streets of Rome (Via Condotti), Milan (Via Montenapoleone) and Zurich (Bahnhofstrasse) . The latter is famous for the fact that there are the most famous and expensive watches and jewelry brands. But the sharp rise in rental rates in the segment of street retail, we have not seen in Zurich, "- said Deputy Director of Marketing and PR Knight Frank Natalia Shlueva.

"We believe that the correction in rents in these markets in 2010 was negligible and the position of Switzerland in the ranking of most expensive shopping corridors of Europe have undergone major changes. Bahnhofstrasse inferior to the price of rent London and Paris," - noted the expert.

It is reported that over the past ten years the cost of renting commercial space at the Zurich Bahnhofstrasse doubled.

"And the prices continue to climb," - the story Swiss telekalalu tagesschau.sf.tv one of the lessors Marcus Hunig.

"In addition to the Bahnhofstrasse shorten contracts of employment: if the rent was past 10-15 years, but today only five." And percentages were higher, which affects the small shops, "- added Huning.

Thus, in recent years has disappeared from the streets a few small shops that were located here half a century, in particular, shop fur company Pelz AG, the trading house of carpets Vidal, who stood at the Bahnhofstrasse 80 years. In turn, popular Caf? Gotthard gave way to the Swedish textile giant H & M.

Meanwhile, the fall of 2010 on the area of 450 square meters. m there opened a boutique Herm? s, as well as a luxury shoe store Jimmy Choo. Representatives of the trading house Globus admitted that the annual output per square meter of retail space on the Bahnhofstrasse, is 24 thousand Swiss francs ($ 25.7 million).

Recall the most expensive city in the world for the cost of housing is recognized in Hong Kong.

On materials euromag.ru
Content tags: Residential Real Estate
Did you like the material?Subscribe to our newsletter
Your comments:
Your opinion will be the first. Thank you for reading this article. I wish you happiness! Please share your opinion in the comment below.