SHANGHAI — Beijing has landed a spot on a list of the world’s most expensive prime retail markets compiled by the global property advisor CBRE.
The Chinese capital came in 10th place on the list, which is published quarterly by CBRE. With prime rents at $4,335 per square foot in the fourth quarter of 2012, Hong Kong is ranked number one, followed by New York, Paris and London. Rents for prime retail in Beijing were $662 per square foot per year over the same period.
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