Hong Kong has world’s most expensive retail space: report

There’s expensive and then there’s Hong Kong.

The Asian shopping haven in the first quarter kept its crown as having the world’s highest rent for prime retail properties, at nearly 50 per cent more than for similar districts such as upper Fifth Avenue in Manhattan. Rents were more than four times the rate in similar areas in London and Paris, according to a report by global property advisor CBRE Group.

via Business feed http://www.scmp.com/business/companies/article/1236720/hong-kong-has-worlds-most-expensive-retail-space-report