search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a$1.8B in Parkmerced debt heads to special servicing$1.8B in Parkmerced debt heads to special servicingSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountDavid Werner strikes $115M deal to snap up 100 Wall Street at big discount
New York

NYC retail priciest in the world: report

Sign Up for the undefined Newsletter

New York City is the most expensive retail market in the world, with “prime rents” clocking in at $1,800 per square foot, according to commercial firm CB Richard Ellis’ global retail market report, released today. Sydney ranked second worldwide, with rents at $1,218 per square foot, while Hong Kong was third, with $1,113 per square foot rents. Regionally, the Americas (including the U.S. and South America) saw the greatest year-over-year rental increase last quarter, climbing 6 percent. Worldwide, the report said that demand for retail space “in most markets remains strong.” TRD

Tags
CBRERetail Real Estate