Retail Stores Are Thriving Here!

Despite the tough times that many retailers are having with their brick-and-mortar stores, there are still some highly desirable, premium retail store locations — with the rents to prove it! 🙂

As reported by Dyfed Loesche for Statista: 

“When it comes to pricey retail locations, the Upper 5th Avenue in New York City is the most costly place on earth to entertain shoppers. Retailers have to pay $US 3,000 per square foot a year to present their wares to the wealthy. As our infographic shows, Hong Kong makes second place, followed by the European cities Paris and London, according to the report “Main Streets Across the World” by real-estate services company Cushman & Wakefield.”

 

Infographic: The World's Most Expensive Retail Locations 2016 | Statista You will find more statistics at Statista

 

This entry was posted in Global Retailing, Part 4: Store Location Planning, Part 5: Managing a Retail Business and tagged , , , . Bookmark the permalink.

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