80% of high street retail mkts saw dip in rent in 2020, Khan mkt down 14%
Delhi's upscale Khan Market has witnessed 14 per cent decline in rental during the last year amid the COVID-19 pandemic and is ranked 21st in the most expensive high street retail location in Asia Pacific region, according to Cushman & Wakefield. Around 80 per cent of Indian high street retail markets experienced declines in rent during this period, the property consultant said in its latest Main Streets report. The top three most expensive cities for retail remain as Hong Kong, Tokyo and Sydney. Regionally, among the worst-impacted was Hong Kong's premier shopping district of Causeway Ba...
Source: business-standard.com