The global economic crisis has affected more than half of the most prestigious shopping streets in the world . Reduced rental rates noted in 54% of the 274 streets who participated in the consulting firm Cushman \u0026 Wakefield.
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Rental price grew by only 18% of the streets. The most expensive was recognized as rental of retail space on Fifth Avenue in New York ($ 17 thousand per square. m per year). The second and third places went to Causeway Bay in Hong Kong Champs-Elysees in Paris, respectively . Among the streets, caught in Top- 10 ranking , the largest increase in rental rates compared to 2008 was fixed at Kaufingershtrasse in Munich (7, 1 %). The largest decline was marked on Grafton Street in Dublin ( 22, 5 %), according to the portal Europe-re.com. Among the streets outside the top ten largest growth rates recorded on the streets of Alameda Lorena and Iguatemi in Sao Paulo, Brazil (111% and 79 3% respectively ). The largest reduction in the cost of renting commercial space noted at the Colaba Causeway in Mumbai , India (63, 5%).
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