×
193
Fashion Jobs
VOLVO WHITE PAINTS INDUSTRIES
Hiring For Sales Officer/Area Sales Manager/ (Haryana)
Permanent · Sonipat
PATANGE INDUSTRIES PVT LTD
Requirement - Production Manager
Permanent · Pune
RESPICARE SOLUTIONS
Area Sales Manager /Business Development Manager-Mumbai / Maharashtra
Permanent · Navi Mumbai
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
ASTRAL ADHESIVES ( ASTRAL GROUP )
Astral Adhesives - Area Sales Manager - Construction Chemicals
Permanent · Ludhiana
VADILAL
Area Sales Manager
Permanent · Varanasi
ASTRAL ADHESIVES ( ASTRAL GROUP )
Astral Adhesives - Area Sales Manager (Maintenance Division)
Permanent · Jodhpur
PREETI DEVELOPERS PRIVATE LIMITED
Manager- Sales
Permanent · Bengaluru
CEASEFIRE INDUSTRIES PRIVATE LIMITED
Area Manager/ Territory Manager (Sales)_ Goa
Permanent · Pune
INDEED.MX
Trabajo Para Mayores de ed+d
Permanent · MEXICO CITY
INDEED.MX
Trabajo Para Mayores de Edad
Permanent · MEXICO CITY
INDEED.MX
Trabajos Opción Home Office
Permanent · MEXICO CITY
INDEED.MX
Secretaria de Medios Tiempos
Permanent · MEXICO CITY
INDEED.MX
Archivista de Medios Tiempos
Permanent · MEXICO CITY
INDEED.MX
Capturista de Medios Tiempos
Permanent · MEXICO CITY
ECL FINANCE LIMITED
Area Sales Manager- Small Ticket Housing Loan
Permanent · Hyderabad
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
AQUAGENICS RESEARCH & DEVELOPMENT INDIA PVT. LTD.
Area Sales Manager
Permanent · Pune
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
PUMA
Senior Manager- Trade Compliance
Permanent · Bengaluru
By
Reuters
Published
Nov 13, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hong Kong's Causeway Bay remains world's priciest retail district

By
Reuters
Published
Nov 13, 2013

LONDON - Hong Kong's Causeway Bay shopping district has broken the $3,000 per square foot barrier for the first time in 25 years to retain its billing as the world's most expensive retail area, according to a survey by property consultant Cushman & Wakefield.

Fuelled by competition between luxury brands and everyday convenience retailers for limited space, the average retail rent in the Causeway Bay area rose 14.7 percent from a year earlier to its highest level in the survey's history, Cushman said.

Hong Kong's Causeway Bay shopping district | Source: AFP


Long considered the gateway to China, firms are willing to pay high prices for a spot in space-squeezed Hong Kong, where the three premier shopping destinations top the list of Asia Pacific's most expensive locations.

After losing top spot for the first time in 11 years to Causeway Bay in 2011/12, New York's Fifth Avenue stayed in second spot with average retail rents unchanged from 2012 at $2,500 per square foot.

That was still almost $900 per square foot ahead of its nearest rival, Paris's Avenue des Champs-Elysess, even though rents there soared 38.5 percent to $1,601 per square foot, C&W said. London's New Bond Street took fourth place with a 15.6 percent rise in rent to $1,047 per square foot.

Globally, retail rents at prime locations rose on average by 3.2 percent, with the Americas the strongest region, increasing by 5.8 percent, according to the review of the top 334 shopping destinations across 64 countries.

Rents in Asia Pacific rose by 4.5 percent, led by strong demand in Hong Kong that helped offset the impact of slower trading in China's luxury sector and lower consumer spending in South Korea.

Europe recorded a 2.1 percent rise, with only 7 of the 33 countries surveyed recording rental falls despite challenging markets.

© Thomson Reuters 2022 All rights reserved.

Tags :
Retail