REGIONAL NEWS

15.11.2018 Vitosha Boulevard is on 47th place for the most expensive commercial street in the world

www.novinite.com

Vitosha Boulevard is on 47th place for the most expensive commercial street in the world for this year. It climbs to its highest position for the past five years.

The annual Main Streets Across The World report, celebrating its 30th anniversary, tracks 446 of the top retail streets around the globe and ranks the most expensive in 65 countries by prime rental value utilizing Cushman & Wakefield's proprietary data.

For this year Vitosha climbs two places up with an average monthly rental on commercial areas of EUR 50 per square meter.

''In Sofia, Vitosha Boulevard enjoys a constant interest in opening new shops and restaurants in recent years, and this is also the basis for the rent growth we are seeing, especially when the locations are with better visibility and they are demanded by traders", said Ivan Gramatikov, who is the Sales Manager at Cushman & Wakefield.

Russell Street, in the citys central Causeway Bay district, has replaced New Yorks Upper 5th Avenue as the worlds most expensive retail street by rental value, according to property consultants Cushman & Wakefield.

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