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Melbourne’s pricey CBD ranks 6th in global retailer cost – Retail in Asia

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Melbourne’s pricey CBD ranks 6th in global retailer cost

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Melbourne has the sixth most expensive prime retail market in the world after Sydney and London, new research from CBRE shows.

Hong Kong, New York and Tokyo top the most-expensive list.

”Hong Kong and other Asia Pacific markets have benefited from international retailers – particularly fast-fashion, cosmetics, jewellery watch, and mid-range fashion retailers – aggressively seeking prime locations across the region,” CBRE chief economist Ray Torto said.