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Pitt St surges up retail rents list

  Sydney’s Pitt St Mall has topped the charts when it comes to the most expensive retail rents in Australia, according to global real estate adviser Cushman & Wakefield’s flagship retail research report, Main Streets Across the World. But New York’s Upper Fifth Avenue has overtaken Hong Kong’s Causeway Bay as the world’s most expensive shopping destination. Prime retail rents across the globe rose by an average of 2.4 per cent in the 12 months to September 2014, with recovery