Prague 32nd most expensive in rental of prime retail space

The commercial real estate advisor CB Richard Ellis has revealed that rented commercial or retail space in the Czech capital is the 32nd highest in the world but still seven times cheaper, for example, than in Manhattan. Boutique stores at prime locations in the city pay an average of two thousand and forty euros per square metre per year (the equivalent of around 50,000 crowns or 2,600 US dollars). By comparison, the figure in New York is 13,744 euros. The most expensive streets to rent on in the Czech capital include Na Příkopě, Pařížská and the lower half of Wenceslas Square, CB Richard Ellis real estate expert Tomáš Beránek said. On the list of world rankings, New York, which finished top, is followed by Sydney and Hong Kong. London ranked fourth.