Cushman & Wakefield Archives

Myeongdong 8th Most Expensive Retail Zone in the World

SEOUL, November 16 (Korea Bizwire) – A new report has revealed that Myeongdong is the 8th most expensive place for commercial rents in the world, following the likes of Fifth Avenue in New York and Causeway Bay in Hong Kong. Global property consulting firm Cushman & Wakefield named Myeongdong, one of the biggest shopping districts in [...]

Seoul’s Myeongdong is 8th Most Expensive Shopping District in the World

SEOUL, Nov. 24 (Korea Bizwire) – Rents for retail locations in Myeongdong, a trendy shopping area in Seoul, are the eighth most expensive in the world, according to a recent survey. As more Chinese tourists visit the shopping district, real estate costs have risen sharply. According to the “Main Streets across the World” survey released [...]