Spectator on facebook

Spectator on facebook

UPDATED: 7. FEB 2018, AT 12:47

Obchodná Street among the most expensive

Well-known retail street in Bratislava appeared in top 100.

Obchodná Street in Bratislava(Source: SME)

Bratislava’s Obchodná Street belongs among the 100 most expensive retail streets in the world. It placed 52nd in the 2017 Main Streets Across the World report published by real estate services firm Cushman & Wakefield.

The price for renting one square metre on the street per year amounted to €540 in the second quarter of 2017.

“Slovakia’s economy is one of the fastest growing in the euro area, with the retail sector benefiting from improvements in the labour market and increasing household incomes,” reads the report.

New entrants, like Nespresso and Kiehl’s, continue to seek out opportunities across Slovakia and, with very limited availability in the country’s main shopping centres, nearby high streets are benefiting from overspill demand, the authors continue.

New York City leads the global ranking

The annual Main Streets Across the World report tracks 451 of the top retail streets around the globe and ranks the most expensive in 68 countries according to prime rental value utilising Cushman & Wakefield’s proprietary data.

This year’s edition shows that the most expensive retail street in the world is New York’s upper 5th Avenue, with annual rents at an average of €28,262 per square metre per year.

Second-ranked is Hong Kong’s Causeway Bay, despite a 4.7-percent fall in average rents to €25,673 per square metre per year, while London’s New Bond Street came in third, with its rents increasing over a third from the previous year to €16,200 per square metre per year.

Milan’s Via Montenapoleone, where rents rose 12.5 percent to €13,500 per square metre per year, was ranked fourth, while the Avenue des Champs Élysées in Paris, where rents are €13,255 per square metre per year, fell to fifth place despite rents remaining unchanged over the year.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Bratislava


Top stories

Slovak healthcare needs thousands of medical workers

Slovak doctors, nurses and midwives are not hesitating in finding better work conditions abroad.

Illustrative Stock Photo

Fight with traffickers thwarted online sale of hockey tickets

The algorithm not only prevented traffickers but also ordinary fans from buying tickets.

Waiting for tickets in Košice

Spectacular Slovakia #3: Unexpected hiking (Enjoy Bratislava's greenery) Audio

In Slovakia, you can hike in the capital city. Listen to the latest episode of our travel podcast to find out more.

Institutions can be quickly destroyed, but they are hard to build

Head of the To Dá Rozum intiative, Renáta Hall, talks about the impacts of a dispute between the academy of sciences and the Education Ministry.

Renáta Hall