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by Executive Editors October 23, 2010

written by Executive Editors October 23, 2010

Beirut’s retail rent soaring The average retail rent in Beirut’s downtown district, at $551 per square meter per year, is higher than any other city in the Middle East, according to a September 20 report covering 269 global retail centers by Cushman & Wakefield titled “Main Streets Across the World 2010.” In comparison to Dubai, which has “far too many shops, not enough people and a recession,” Beirut has an undersupply and shops have high turnover, given the 2.5 million resident population, according to Mike Dunn who worked on the report. The second most expensive retail center in the Middle East is Ramat Aviv in Tel Aviv, with average retail rent going for $505 per square meter per year, and the third is in Lebanon’s ABC Ashrafieh Mall, where the average rent is $479 per square meter per year. Whereas rental rates had dropped in Jordan, Bahrain, Qatar and the

Executive Editors

Executive Editors are the collective voice of the magazine. Stories written by Executive Editors are the culmination of discussions, brainstorming, research and information-gathering by our editorial team. Over decades, our editorial team has applied a blend of seasoned expertise and a discerning eye to bring you insightful and engaging and substantive reads that eschew sensationalism.

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