Delhi’s Khan Market ranks 22nd worldwide, New York’s Times Square at #1

Delhi’s Khan market has emerged as India’s most expensive retail market and ranks 22nd in the Global Top Street Markets ranking with a year-on-year rental growth rate of 3%, according to a report published by Cushman.
This was announced by the consulting firm Wakefield.
‘Delhi’s Khan Market is one of the 25 most expensive high street markets in the world.
Pre-pandemic year-to-date (September quarter) growth rate is 7% and rental growth is INR y-o-y (year-on-year).
3%, Caen Market ranks 22nd on the coveted Global High Street list,” Cushman & Wakefield said in a statement.
Otherwise, in Istanbul, Istiklal Street saw the biggest increase, rising from 31st to 20th.
This is mainly due to inflation, which has doubled rents.
Saurabh Shadal, Managing Director, Capital Markets, Cushman & Wakefield India, said: “One of the main reasons for this is that after the pandemic While the demand for retail space has recovered significantly, the supply of Grade A shopping centers has not kept up,” Shatdar added.
According to the report, India’s five most expensive high streets in the Asia Pacific region are: Khan Market (22nd), Connaught Place (30th), Linking Road in Mumbai (33rd), Gurugram’s Galleria Market (31st), Kolkata Park Street (37th).
New York’s Fifth Avenue maintains its top spot as the world’s most expensive shopping street.
Milan’s Via Montenapoleone moved him up one place, placing him in second place, replacing Hong Kong’s Tsim Sha Tsui, which dropped to third place.
London’s New Bond Street and Paris’ Champs-Elysées remained in fourth and fifth place respectively.

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