Last year, the Magheru Boulevard was ranked 52nd, with an average rent of EUR720/sqm/year.
Retail space rents on Bucharest’s Calea Victoriei have fallen 18.2% this year to EUR540/sqm/year, according to survey Main Streets across the World 2013-2014.
In Central and Southeastern Europe, Moscow is ranked 12th with EUR3,846/sqm/year, Kiev (Kreschatik Street) is ranked 24th with EUR2,308/sqm/year and Prague comes in the 26th spot with EUR2.160/sqm/year.
Budapest, with its Váci Utca, is ranked 42nd with an average annual rent of EUR1,080/sqm. Warsaw (Nowy Swiat) comes 45th with rents of EUR996/sqm/year.
Causeway Bay (Hong Kong) remains the most expensive boulevard in the world with average retail space rents of EUR25,000/sqm/year (or EUR2,000/sqm/month).
New York’s 5th Avenue is the world’s second most expensive boulevard with EUR20,706/sqm/year. It is followed by Avenue des Champs-Élysées (Paris) with EUR13,255/sqm/year.