Property Futures

Real Estate News, Reviews and Investment

It’s Bond – Bond Street

It’s Bond – Bond Street.

London's Bond StreetLondon’s Bond StreetWikipedia

London’s Bond Street remains Europe’s most expensive retail strip.

A latest research by estate agent Colliers International showed that London’s Bond Street continues to command the highest retail rent in the EMEA region. According to the report, renting a shop costs a retailer US$1,482 per square metre each month. Hence, a typical 150-square-metre designer boutique commands a retail rent of some US$2.67 million per year.

This is followed by the Champs-Élysées in Paris, which will set a retailer back around US$1,094 per square metre per month, then Zurich’s Bahnhofstrasse at US$858.

According to Colliers, despite Europe’s weak economic conditions, there seems to be no end of ‘shopping tourists’ intent on converting cash into high-end luxury goods.

Sean Briggs, Colliers International’s EMEA Retail Agency Director, commented: ‘Even though there is a gloomy economic outlook the luxury sector continues to buck the trend and trade well; with many new stores opening across Europe’s high-end shopping districts despite high rents.’

‘While the main luxury markets of Moscow and London remained the favourite destinations of top brands, other locations in Western and Eastern Europe, as well as in the Middle East, are also attracting the attention of the luxury sector.’

Street

Rent

(US dollar/square metre/month)

London, Old Bond Street

1,482

Paris, Champs Elysees

1,094

Zurich, Bahnhofstrasse

858

Milan, Via Monte Napoleone

763

Moscow, Tverskaya

502

Source: Colliers International

By Rodel Ambas Jr

17 December 2012

Source: Colliers International

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This entry was posted on December 18, 2012 by in Future, Investment, Property and tagged , , , , .

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