New York Retains Position as World’s Most Expensive Retail Destination

New York City remains the world’s most expensive shopping destination as retailers focus on the major fashion capitals, but as the eurozone crisis continues to impact consumer confidence, rents have leveled off in all global regions in the third quarter of 2011, according to new research from global property adviser CBRE.

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New York Retains Position as World’s Most Expensive Retail Destination

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