A street in Lebanon is one of the most expensive streets in the world

A street in Lebanon is one of the most expensive streets in the world
Date: Monday, November 28, 2016
By: World News
Source: Beirut.com

The 2016 - 2017 survey of the world's most expensive retail rental locations by property consultants Cushman & Wakefield ranked Hamra as the 2nd most expensive streetin the Arab region and 44^th most expensive worldwide.

Last year, Hamra was ranked as the 48^thmost expensive rental location and now renting in Hamra costs on average 93$/sq FT. Prime street in Qatar follows Lebanon in the ranking as the 45^th where it costs on average 92$/sq FT per year. City Centre in Jordan is ranked as the 50^th where it cost on average 65$/sq FT per year. Naturally, the first in the world was named to be Upper 5th Avenue (49th - 60th Sts) in New York - USA where it costs on average 3000$/sq FT per year followed by Hon Kong and Paris.

Rue Verdun and Kaslik are also mentioned in the report stating that 18.1 RENT US$/SQ FT/YR& 18.1 RENT US$/SQ FT/YR respectively.

It's interesting to see this report since most of the cities mentioned have increased in their rental prices since the last year.