iloubnan.com
Property consultants Cushman & Wakefield’s 2015 survey of the world’s most expensive streets in terms of rents for retail space ranked Beirut as the 48th most expensive retail location among 65 cities worldwide, the fourth most expensive city among seven cities in the Middle East & Africa region, and the third most expensive among five Arab cities, Byblos Bank ‘Lebanon This Week’ reported.
Each city is represented by its most expensive retail street. Beirut’s global rank rose by two spots from 50th place in the 2014 survey, while its regional rank was unchanged year-on-year. The study evaluated retail rental prices between June 2014 and June 2015 in over 500 locations in 65 countries around the world.