Last year, in the same chart, Magheru ranked 47th in the 59 markets analyzed.
The annual rent on this Bucharest location stood at EUR780 per sqm in June, compared to EUR777 in the same interval of the previous year, according to the Main Streets Across the World 2011 survey compiled by the real estate consultancy company.
Compared to Bucharest, more expensive locations in central and eastern Europe include Moscow (ranked 14 with EUR3,104 per sqm per year), Prague (ranked 28 with EUR2,040), Budapest (ranked 40 with EUR1,200) and Warsaw (ranked 41, EUR1,020).
Less expensive areas include Sofia and Bratislava.
The survey analyzed 278 retail locations worldwide.