IT'S A GAS

Torto Wheaton research shows a strong correlation between spikes in gas prices and online sales activity. When gas is expensive, consumers make more purchases online. But the recent drop in gas prices sent online sales volume down more than 25 percent.

PREMIUM POINTS

Shopping center and regional mall REITs have generally traded at a premium to underlying net asset value since mid-2002 — in line with the REIT industry average as a whole. More recently, shopping center REITs have been trading at very high premiums — reaching 131 in October.

PRICIEST STREETS IN THE WORLD

Cushman & Wakefield's annual overview of Main Streets across the world identifies the 10 costliest retail rent locations in the world. In the U.S., the three most expensive addresses are all in New York City. In Europe, eight of the ten streets are in Paris and London.

TOP TEN LOCATIONS IN THE AMERICAS
City Location $ per sq. ft.
New York Fifth Avenue 1,350
New York Madison Avenue 1,100
New York E. 57th Street 800
San Francisco Union Square 375
Los Angeles Rodeo Drive 350
Chicago North Michigan Ave. 325
San Francisco Post Street 300
Vancouver Robson Street 187
Toronto Bloor Street 187
São Paulo Iguatemi Shopping 177
TOP TEN LOCATIONS IN EUROPE
City Location $ per sq. ft.
Paris Avenue des Champs Élysées 805
London New Bond Street 673
London Oxford Street 583
Dublin Grafton Street 534
London Covent Garden 505
Paris Rue du Faubourg Saint-Honoré 464
London Brompton Road 453
Paris Avenue Montaigne 437
Zürich Bahnhofstrasse 418
Paris Boulevard Haussman 402
TOP TEN LOCATIONS IN ASIA PACIFIC
City Location $ per sq. ft.
Hong Kong Causeway Bay 1,134
Tokyo Ginza 652
Tokyo Omotesando 478
Sydney Pitt Street Mall 391
Seoul Myeongdong 376
Seoul Kangnam Station 361
Melbourne Bourke Street 320
Brisbane Queen Street Mall 313
Singapore Orchard Road 292
Tokyo Shibuya 290
TOP TEN LOCATIONS IN AFRICA AND THE MIDDLE EAST
City Location $ per sq. ft.
Tel Aviv Ramat Aviv 111
Tel Aviv Ayalon Shopping Centre 93
Johannesburg Sandton City 80
Cape Town V&A Waterfront 78
Durban The Pavilion 68
Pretoria Menlyn Park 60
Jerusalem King George Street 56
Jerusalem Ben Yehuda 45
Tel Aviv Dizengoff Shopping Centre 39
Tel Aviv Dizengoff Street 33

Source: Cushman & Wakefield