Hong Kong boasts the most expensive retail space in the world, it has been revealed.
In second place is New York, third Paris and London in fourth.
The data comes from the CBRE, a global commercial property service. commenting on the findings, Global Chief Economist, Richard Barkham, said: “Even with the somewhat gloomy economic headlines, consumer demand is reasonably firm in most markets,”
“We can expect to see a continuation of the post-crisis pattern of periods of optimism followed by periods of pessimism. The Americas will see stronger growth than the Eurozone, as the latter has been constrained by restructuring in the banking sector as well as overly tight fiscal and monetary policy. Asia Pacific will record slightly lower growth in 2014 over 2013, but is still expected to outpace the other two regions by a considerable margin.”
Leave a Comment