Retail rental rates obviously vary depending on location but the changes in retail rental rates over the last 5 years have been substantial. City center areas and areas with high population density usually equals high footfall, therefore equating to higher retail rental prices.
Hong Kong is the top placed location in terms of the cost of retail rental units per square foot (at over $3000 per sq. Ft) with New York’s Fifth Avenue a close second. This highlights the vast divide between certain locations in the retail world.
While there may be a chasm between certain global locations in terms of the rental price, the areas showing the strongest growth are the more developing nations such as Russia and Kazakhstan.
This infographic explores the whole area of retail rental prices and how things have changed in the last 5 years. It also explores retail rent prices in comparison to industrial and office rental spaces. Finally, it charts the list of the areas showing the strongest rental growth.
