Retail rents on Russell Street, Causeway Bay, were the highest in the world in the second quarter, according to a Cushman & Wakefield report. Photo: Rachel Cheung/SCMPRetail rents on Russell Street, Causeway Bay, were the highest in the world in the second quarter, according to a Cushman & Wakefield report. Photo: Rachel Cheung/SCMP
Retail rents on Russell Street, Causeway Bay, were the highest in the world in the second quarter, according to a Cushman & Wakefield report. Photo: Rachel Cheung/SCMP

Causeway Bay’s Russell Street trumps 5th Avenue in New York as the world’s most expensive retail rental market

  • Average annual rents in Causeway Bay stood at US$2,671 per sq ft at the end of second quarter
  • Sixth time in 30 years that Causeway Bay has been ranked number one

Topic |   Retail properties
Retail rents on Russell Street, Causeway Bay, were the highest in the world in the second quarter, according to a Cushman & Wakefield report. Photo: Rachel Cheung/SCMPRetail rents on Russell Street, Causeway Bay, were the highest in the world in the second quarter, according to a Cushman & Wakefield report. Photo: Rachel Cheung/SCMP
Retail rents on Russell Street, Causeway Bay, were the highest in the world in the second quarter, according to a Cushman & Wakefield report. Photo: Rachel Cheung/SCMP
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