Trade revenues in Prague are growing. Among the most beautiful streets are Na Pkop and Pask Business
The world’s most expensive street, built according to the ten-meter-long retail space, has a new name, Na Pkop Street, located in the center of Prague. The Czech Republic thus has its representative in the top two most expensive shopping streets in the world for the first time.
A ten-meter-long store in the street in Na Pkop Street costs the tenant ron for 2,760 euros, ie almost 72,000 crowns. Compared to last year, the crack of the street advanced in three positions, especially in the locality, the mezzanine increased by about 4.5 percent. And analysts expect it to grow in the long run.
ebek leads Hong Kong
Hong Kong’s Causeway Bay is Hong Kong’s largest trading boulevard, followed by New York’s 5th Avenue. This is London’s New Bond Street, which is one of the busiest streets in Europe. The famous European boulevards, such as the Avenue des Champs lyses and the Via Montenapoleone in Milan, reached the top.
Cushman & Wakefield, an international consulting company, publishes the analysis of the world’s largest street in Kadoron. Only the most beautiful street from each country is included in it, this year there were 65 of them. Na Pkop Street is the most important business district in Prague. It connects two significant micro-localities in the center of Prague, ie the lower part of Wenceslas Square with the capital of the Republic, where there is a very high frequency of pedestrians, said LN Ondej Zabloudil, manager of the real estate consulting company Deloitte.
In the pizza, it is even more than eight thousand people per hour. This, of course, increases the prices of local taxes, but also real estate upwards. It is therefore logical that owning one of the buildings in Na Pkop Street is very attractive for investors. It is the bottom of a combination of high yields, especially in retail, and low risk due to localities, explains Zabloudil. However, he warns that even when the prices of real estate in this street are so high, the return on investment is very long, not even twenty-five years. The buyer of two buildings is currently being sought, namely Na Pkop 9/11 and Na Pkop 14, where he told the British county Hamleys.
Novch njemc pibv
In Prague, it is comparable to go to Pask Street, which is located near the Old Town Square. This is a destination for luxury brands. Brunello Cucinelli, Hogan and Philipp Plein, Elisabetta Franchi and Furla have opened their stores here over the past year.
The new tenants also visited Na Pkop Street, namely Tous, Vapiano and Swarovski. In Myslbek, it expanded its H&M emblem premises and created a flagship store there (This is a flagship store, editor’s note) for esko. According to Cushman & Wakefield, Na Pkop Street is not very important of Pask, in terms of tourism, the frequency of passers-by and the location within historical Prague. The group is so prominent. In this city, he shared both mass characters and prmiov. Among the most attractive retail spaces are the corner units as well as iconic spaces and real estate.
Darren Yates, Head of Retail Market Research at EMEA (marked for the region of Europe, Blzkho entrance and Africa editor’s note) at Cushman & Wakefield, it is argued that there is still a great deal of interest in the global retail market. But tenants have to respond to new trends. These include internet sales and increasing investment in the appearance of stores. The potential of Na Pkop Street is far from exhausted. In the near future, the attractiveness of the whole area will increase, thanks to new projects, the most important of which is the reconstruction of Savarin, to Jan Kotrbek, partner and head of retail real estate leasing in Central and Entrance Europe in Cushman & Wakefield.
Restaurants instead of shops
Retailers are still affected by technology. They can better understand customers and provide them with a better overall shopping experience. While traditional retail is growing and will thrive in many cities, it is likely to make up the overall mix of tenants, said Justin Taylor, Cushman & Wakefield’s retail team leader for the EMEA region.
Even in the worst of the locality, we are not going to the future in addition to shops, more restaurants, space for leisure activities, fitness and services. It is most noticeable in the United States and the United Kingdom.