{"id":2334,"date":"2013-04-16T11:54:29","date_gmt":"2013-04-16T11:54:29","guid":{"rendered":"http:\/\/www.franchisemart.in\/franchise\/?p=2334"},"modified":"2013-05-25T08:57:40","modified_gmt":"2013-05-25T08:57:40","slug":"hong-kongs-causeway-bay-worlds-priciest-retail-area","status":"publish","type":"post","link":"https:\/\/www.franchisemart.in\/franchise\/hong-kongs-causeway-bay-worlds-priciest-retail-area\/","title":{"rendered":"Hong Kong&#8217;s Causeway Bay world&#8217;s priciest retail area"},"content":{"rendered":"<p><a href=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2013\/04\/images2.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2013\/04\/images2.jpg\" alt=\"\" title=\"images\" width=\"128\" height=\"80\" class=\"alignleft size-full wp-image-2335\" \/><\/a><\/p>\n<p>New York\u2019s Fifth Avenue has ended its 11-year run as the world\u2019s most expensive retail area, dethroned by Hong Kong\u2019s Causeway Bay, according to a recent survey by real estate services company Cushman &#038; Wakefield.<br \/>\nThe average retail real estate rent in the Causeway Bay shopping area surged 34.9 percent from a year earlier to an annual $2,630 per square foot, the report said. Manhattan\u2019s Fifth Avenue came in second with average retail rent at $2,500 per square foot, up 11.1 percent, according to the review of 326 prime locations in 62 countries.<br \/>\nParis\u2019s Avenue des Champs-Elysees, where the average rent rose 30 percent to $1,129 per square foot (9,573 euros per square meter) jumped two places to third place, leaving Tokyo\u2019s Ginza district in fourth place with average annual rent at $1,057 per square foot.<\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fhong-kongs-causeway-bay-worlds-priciest-retail-area%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"excerpt":{"rendered":"<p>New York\u2019s Fifth Avenue has ended its 11-year run as the world\u2019s most expensive retail area, dethroned by Hong Kong\u2019s Causeway Bay, according to a recent survey by real estate&#8230; <a class=\"meta-more\" href=\"https:\/\/www.franchisemart.in\/franchise\/hong-kongs-causeway-bay-worlds-priciest-retail-area\/\">Read more <span class=\"meta-nav\">&raquo;<\/span><\/a><\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fhong-kongs-causeway-bay-worlds-priciest-retail-area%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2334","post","type-post","status-publish","format-standard","hentry","category-news","entry"],"_links":{"self":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/2334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/comments?post=2334"}],"version-history":[{"count":1,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/2334\/revisions"}],"predecessor-version":[{"id":2376,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/2334\/revisions\/2376"}],"wp:attachment":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/media?parent=2334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/categories?post=2334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/tags?post=2334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}