location has value, part infinity

Seems like London’s rough sleepers could be helped with well-adjusted ground rent on the “most expensive street in Europe for retail rentals.”

“None of these international brands make any money from these shops because the rents are so enormous. But they absolutely have to have a Bond Street address.”

In 2019, Bond Street, running between Oxford Street and Piccadilly, was the most expensive street in Europe for retail rentals, and the third most expensive in the world after Hong Kong’s Causeway Bay and New York’s Upper Fifth Avenue.

I don’t know how to find out who owns that land but I wouldn’t be at all surprised to find that it’s the Duke of Westminster. Who knows, it might even lower the retail rents while making the city a more equitable place to live. A billion pounds in retail trade and the shops lose money while people live on the streets nearby? How does anyone find that acceptable?

Leave a Reply

Your email address will not be published. Required fields are marked *