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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

Tourists pass a Louis Vuitton shop closed for refurbishment, its facade covered with a faux suitcase, in Rome.

Rental rates are increasing everywhere, but where are they rising the most?

Let's take a look at the top retail rental growth markets in the world, according to Cushman and Wakefield.

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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

Shoppers leave a retail store inside a mall in Mumbai.

India

Location: Colaba Causeway

City: Mumbai

Annual rental growth: 75 per cent

Annual rent: $150 per sq ft

Global rank: 1

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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

Tourists take pictures, with the Rodrigo de Freitas Lagoon in the background, in Rio de Janeiro.

Brazil

Location: Garcia d'avila (ipanema)

City: Rio de Janeiro

Annual rental growth: 64.70 per cent

Annual rent: $155 per sq ft

Global rank: 2

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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

The Brooklyn Bridge and Manhattan Bridge is seen from the 90th storey of One World Trade Center in New York.

The United States

Location: Times Square

City: New York

Annual rental growth: 55.60 per cent

Annual rent: $2,100 per sq ft

Global rank: 3

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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

Tourists walk along Ocean Drive in South Beach Miami, Florida.

The United States

Location: Lincoln Road

City: Miami

Annual rental growth: 54.80 per cent

Annual rent: $240 per sq ft

Global rank: 4

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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

A horse-cart passes in front of the Queen Victoria Memorial in Kolkata.

India

Location: Park Street

City: Kolkata

Annual rental growth: 53.80 per cent

Annual rent: $86 per sq ft

Global rank: 5

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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

A couple chat as they drink coffee at Juan Valdes cafe in Bogota.

Colombia

Location: Shopping Centre

City: Bogota

Annual rental growth: 41 per cent

Annual rent: $279 per sq ft

Global rank: 6

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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

South Korea

Location: Garosugil

City: Seoul

Annual rental growth: 41 per cent

Annual rent: $247 per sq ft

Global rank: 7

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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

The United States

Location: Penn Quarter

City: Washington, DC

Annual rental growth: 40 per cent

Annual rent: $140 per sq ft

Global rank: 8

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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

Statue of Christ the Redeemer on Corcovado Mountain in Rio de Janiero.

Brazil

Location: Sao Conrado Fashion Mall

City: Rio de Janeiro

Annual rental growth: 39.50 per cent

Annual rent: $166 per sq ft

Global rank: 9

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3 Indian cities see highest rental growth in world

Last updated on: November 23, 2012 09:18 IST

Fishermen pull their fishing net from the waters of Bay of Bengal during sunrise in Chennai.

India

Location: Khader Nawaz Khan Road

City: Chennai

Annual rental growth: 36.70 per cent

Annual rent: $44 per sq ft

Global rank: 10