Hong Kong Loses Top Ranking for Luxury Shopping to New York [BNN Bloomberg (Canada)]
Cushman & Wakefield plc Ordinary Shares (CWK)
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm
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Source: BNN Bloomberg
Manhattan's Upper Fifth Avenue is now the priciest street globally for shopping, according to a survey by commercial property firm Cushman & Wakefield Plc. Hong Kong's Tsim Sha Tsui district comes second, followed by Italy's Via Montenapoleone in Milan. The previously annual survey is the first since 2019. Annual rents for Upper Fifth Avenue shops averaged $2,000 per square foot, up 14% from pre-pandemic levels, according to the report. Rents in Tsim Sha Tsui in Kowloon fell 41% to $1,436 per square foot in the period, while those in Via Montenapoleone rose 9% to $1,380. Hong Kong is struggling with a downturn after some of the world's strictest Covid measures and the closed border with mainland China slashed the number of visitors. The city received just 250,000 arrivals in the first nine months of this year, compared with almost 56 million for the whole of 2019. London's New Bond Street slid one place to fourth, with average rents down 11%, while the Avenue des Champs Elysees
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News
- Hong Kong March home prices up 1.1%, first rise in nearly a year [Yahoo! Finance]Yahoo! Finance
- Hong Kong March home prices up 1.1%, first rise in nearly a year [Reuters]Reuters
- The Data Center Dilemma: Balancing Growth, Efficiency & Environmental Impact [Yahoo! Finance]Yahoo! Finance
- Cushman & Wakefield (CWK) Expected to Beat Earnings Estimates: Can the Stock Move Higher? [Yahoo! Finance]Yahoo! Finance
- Helical Signals Positive Trends for London's Prime Office Market [BNN Bloomberg (Canada)]BNN Bloomberg
CWK
Earnings
- 2/20/24 - Beat
CWK
Sec Filings
- 4/16/24 - Form 4
- 4/9/24 - Form 8-K
- 4/5/24 - Form DEFA14A
- CWK's page on the SEC website