(VOvworld) - The southern economic hub of HCM City has been ranked 32nd on a list of the 65 best main streets in the world in Cushman & Wakefield's 27th "Main Streets Across The World" report. The report tracks over 500 of the top retail streets around the globe, ranking the most expensive in each country by their prime rental value.


It shows that rents have risen in 35 percent of streets around the world, despite the increased global uncertainty experienced over the last 12 months. HCM City has rental costs of 1,454 USD per square foot per year in what is described as "Prime High Street", which includes Dong Khoi, Le Loi, Nguyen Hue and Le Thanh Ton streets in District 1.
In Southeast Asia, the rate comes after Singapore's Orchard Road of 3,254 USD. Thailand's Central Retail District has a rental cost of 1,212 USD per square foot per year. The world's most expensive road is Upper 5th Avenue (49th - 60th Sts) in New York, with 33,812 USD.