Delhi’s Khan Market moves up two spots in global retail rank
In this article (5)
With a rent of $ 235 per sq ft per year, New Delhi’s Khan Market moved up from twenty sixth place to twenty fourth place in the ‘Main Streets Across the World’ report by Cushman & Wakefield, which ranks world’s expensive retail locations.Within the APAC region, Khan Market was the 10th most expensive retail location.
The top spot has been retained by New York’s Upper 5th Avenue followed by Hong Kong’s Causeway Bay on second spot and Avenue de Champs Elysess in Paris completing the top three.”Despite witnessing no change in the rental values of the location, Khan Market gained in rankings due to marginal changes in the rankings of other countries in the rankings,” Cushman & Wakefield said.
Questions & Answers
Q.What is Khan Market's rent per square foot per year?
What is Khan Market's rent per square foot per year?
Khan Market's rent is $235 per square foot per year. This figure is used in the 'Main Streets Across the World' report to determine its ranking among expensive retail locations globally.
Q.How did Khan Market's global ranking change this year?
How did Khan Market's global ranking change this year?
Khan Market moved up two spots in the global retail rankings. It advanced from twenty-sixth place to twenty-fourth place in the 'Main Streets Across the World' report this year.
Q.Which are the top three most expensive retail locations globally?
Which are the top three most expensive retail locations globally?
New York’s Upper 5th Avenue retained the top spot. Hong Kong’s Causeway Bay is second, and Avenue de Champs Elysées in Paris completes the top three most expensive retail locations in the world.
Q.Why did Khan Market improve its ranking if its rent didn't change?
Why did Khan Market improve its ranking if its rent didn't change?
Khan Market gained in rankings despite no change in its rental values. This improvement was due to marginal changes in the rankings of other countries, as explained by Cushman & Wakefield.
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