Hong Kong Retail Rents High, Bond Street World's Priciest
Hong Kong's Tsim Sha Tsui remains Asia's most expensive luxury retail strip, while London's Bond Street leads globally in rental prices.
Hong Kong’s Tsim Sha Tsui has retained its title as Asia’s priciest luxury retail strip, commanding £16,160 (US$22,000) per square metre in annual rents, as the city remains among the world’s most active markets in terms of new high-end store openings, according to Savills. London’s Bond Street replaced Tsim Sha Tsui as the top global luxury retail property market with rents of £19,228 per square metre per year, according to the ninth edition of the UK-based property consultancy’s Global Luxury....