Vitosha Blvd in Bulgaria’s Sofia Ranks World’s 54th Most Expensive Retail Location

Vitosha Boulevard in Bulgaria’s capital Sofia ranks 54th among the 65 most expensive retail locations in the world, according to Cushman & Wakefield’s 2015/2016 report Main Streets Across the World.

With its EUR 528 per square meter (sq.m.) annual rent, Vitosha Boulevard goes down two positions compared to the 2014/2015 edition of the report.

Obchodna Ulica in Slovakia’s capital Bratislava is at par with Sofia, ranking 53rd in terms of annual rent per square meter.

Magheru Boulevard in Romania’s capital Bucharest is 52nd with rents of EUR 540/sq.m per year.

For a second consecutive year, New York’s Upper 5th Avenue scores first, with yearly rent of retail stores EUR 33,812/sq.m.

The second most expensive on the list is Hong Kong’s Causeway Bay where rents per square meter are worth EUR 23,178 a year.

With its third place in the global ranking Avenue des Champs Elysees in Paris remains the most expensive main street in Europe, Africa and the Middle East. The average rent of retail property there is EUR 13,255/sq.m.