Causeway Bay: World's priciest retail area

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Agencies: New York, Nov 14 2012, 12:43 IST
Retail bay.jpg
even as secondary locations struggled with weak consumer sentiment.

Following Paris's Avenue des Champs-Elysees, London's New Bond Street was the second most expensive shopping area in Europe with rents up 3.1 percent to $936 per square foot. Switzerland's Bahnhofstrasse was third with rents up 8.7 percent to $854 per square foot.

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