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
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
