{"id":9593,"date":"2017-12-14T15:50:23","date_gmt":"2017-12-14T13:50:23","guid":{"rendered":"http:\/\/investsofia.com\/en\/?p=9593"},"modified":"2017-12-14T15:52:41","modified_gmt":"2017-12-14T13:52:41","slug":"vitosha-retains-position-most-expensive-shopping-streets","status":"publish","type":"post","link":"https:\/\/investsofia.com\/en\/vitosha-retains-position-most-expensive-shopping-streets\/","title":{"rendered":"Vitosha Blvd Retains its Position in Cushman & Wakefield\u2019s Annual Ranking of the Most Expensive Shopping Streets across the World"},"content":{"rendered":"

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Sofia\u2019s most famous shopping street, Vitosha Blvd, retains a stable position in the Cushman & Wakefield consultancy ranking on the world\u2019s most expensive shopping streets <\/span>Main Streets across the World 2017<\/span><\/i><\/a>. Vitosha Blvd went down only one position, from 50th place last year to 51 in 2017, among a total of 68 countries around the world. This is the 29th annual edition of the ranking and tracks 451 of the largest retail streets across the world. The list of the world\u2019s 68 most expensive streets includes the streets with the highest rent of commercial areas.<\/span><\/p>\n

The average annual rental per sq. m. of commercial area on Vitosha Blvd is EUR 552 (or EUR 46 \/ sq m average monthly rent), according to ranking data. 5th Avenue, the most expensive street in the New York City, in comparison, has an annual average rent of EUR 28,262 \/ sq. m.<\/span><\/p>\n

Europe\u2019s most expensive street is New Bond Street in London with an average annual rent of EUR 16 200 \/ sq. m., which makes it nearly 30 times more expensive than Vitosha in Sofia.<\/span><\/p>\n

The ranking\u2019s page describes Vitosha Blvd. as a popular and wide pedestrian zone in the city, which makes it attractive for a variety of cafes, bars and restaurants. The commercial areas are occupied by fashion brands in the middle price range, sports and leisure equipment and multiple diverse stores for cosmetics, health and beauty products. According to Forton, Cushman & Wakefield\u2019s strategic partner, the increased demand for areas in the shopping space will continue in the next months, which will also lead to a rent increase.<\/span><\/p>\n

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Sterling\u2019s decline means Bond Street is paved with gold via @thetimes<\/a> #MainStreets<\/a> #Retail<\/a> #CRE<\/a> https:\/\/t.co\/KRm0li80oF<\/a> pic.twitter.com\/ami7Knbr49<\/a><\/p>\n

— Cushman & Wakefield (@CushWake) November 15, 2017<\/a><\/p><\/blockquote>\n