Delhi's Khan Market has been ranked as the 24th most expensive retail location in the world. As per the latest report released by real estate consultancy firm Cushman and Wakefield, Khan Market is the most expensive location in the country to rent a shop. According to reports, this rise in the rankings is because some prime locations globally have recently seen a dip in its rentals. The survey took place across 400 retail locations across 66 countries. Upper 5th Avenue in New York retained its top place, while Hong Kong's Causeway Bay and London's Bond Street were ranked 2nd and 3rd in the global ranking. Connaught Place, which had slipped from its previous superior retail destination status, saw renewed interest from retailers across categories.