Nowy Swiat Warsaw – one of the most expensive street in the world

Nowy Swiat street

Nowy Swiat, Warsaw

One of the most expensive streets in the world is located in Poland. Attractive, located in the city center, the historic street, where the annual lease rent of more than 1,020.00 euro per sq.m. Nowy Swiat Warsaw (eng. New World Warsaw) street came in the 43rd position in the ranking and is one of the most prestigious hundreds of exclusive shopping and business streets in the world.

Nowy Swiat Warsaw street was established in 1640 as a suburb of the city. Today it is one of the most famous streets in Warsaw. Seen as a shopping – entertainment centre. Because it is located in a variety of dining service – commercial, which encourage investors to reinvest their capital is in Nowy Swiat street.

For 27 years, Cushman & Wakefield has published a report about the most expensive streets in the world for real estate martekt MAPIC in Cannes. The report aims to present the review of rents in major retail locations in 62 countries.

The winner of this year’s ranking was in Causeway Bay in Hong Kong, where a square meter you have to pay more than 22 thousand. per year. Second place went to Fifth Avenue in New York City (the leader for 27 years). Nowy Swiat Warsaw won with the most expensive shopping streets in Buenos Aires, Lizbonnie, Bangkok, Bucharest, Vilnius and Bratislava.

Poland has a number of attractive shopping streets, outside ofNowy Swiat, you can include them Florian in Krakow (rent 948 euro / sq m), Marszałkowska and Chmielna Warsaw (rent 852 euros / sq m and 732 euro / sq m .), Polwiejska in Poznan and 3rd May street in Katowice (rent in both 696 euro / sq m).

The CBRE company shows that in Poland there is a business boom investment mainly in the central streets of the country. Polish shopping become strong competition for emerging commercial centers. In the opinion of analysts, C & W, the development of shopping areas primarily concerned Warsaw and Krakow, where the demand for commercial premises in the city center exceeds their supply.

Source: interia.pl

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