Main Streets Across the World 2004
The most expensive location in Warsaw is the Nowy Świat and Chmielna area, which commands an annual rent of approximately EUR 720 per sqm of retail space per year.
Main Streets Across the World 2004 tracks retail rents in the world's top 229 shopping locations across 45 countries around the world.
"Shopping has gone global. A new league of super destinations has sprung up, and the top names in retail don't want to miss out on not being there-whether it's Buenos Aires, Bangkok or Bucharest," said David Hutchings, head of research at C&W H&B.
According to the report, of the emerging markets of Central and Eastern Europe, Russia recorded the strongest growth. Rents there increased by 13.1 percent, reflecting a booming retail sector which continues to experience an exceptional level of activity. Meanwhile, Poland experienced falls in rents for older stock in some locations but demand remains high for new space coming on to the market. According to the report the retail market sentiment in Poland is good with rents on some older high street properties having softened. The supply of quality high street space is unable to satisfy the demand but recent EU accession is sure to keep retailers interested.
Main Streets Across the World 2004 tracks retail rents in the world's top 229 shopping locations across 45 countries around the world.
"Shopping has gone global. A new league of super destinations has sprung up, and the top names in retail don't want to miss out on not being there-whether it's Buenos Aires, Bangkok or Bucharest," said David Hutchings, head of research at C&W H&B.
According to the report, of the emerging markets of Central and Eastern Europe, Russia recorded the strongest growth. Rents there increased by 13.1 percent, reflecting a booming retail sector which continues to experience an exceptional level of activity. Meanwhile, Poland experienced falls in rents for older stock in some locations but demand remains high for new space coming on to the market. According to the report the retail market sentiment in Poland is good with rents on some older high street properties having softened. The supply of quality high street space is unable to satisfy the demand but recent EU accession is sure to keep retailers interested.
