5 Most Expensive Shopping Streets In The World

Based on commercial real estate agency Cushman & Wakefield’s annual report called ‘Main Streets Across The World’, we bring you the 5 most expensive shopping streets in the world (based on their prime rental value). This annual report has combined insights on retail trends along with a unique global proprietary data set of 448 high street retail rents. This is how the 2019 edition of ‘Main Streets Across the World’ turned out; the prices mentioned against each street are in USD for per square foot a year:

# Causeway Bay, Hong Kong, China

The most expensive shopping street in the world according to this report by Cushman & Wakefield is Causeway Bay in Hong Kong, China. Also called Tung Lo Wan by locals, Causeway Bay is one of Hong Kong’s prime shopping destinations. It is located on the north shore of Hong Kong Island and is jam-packed with restaurants and shops. The most famous shopping hotspots at Causeway Bay include Times Square, the World Trade Centre, Lee Gardens, and the 13-storey Japanese-style department store Sogō. Known as one of the most crowded and central areas in Hong Kong, Causeway Bay features luxury fashion retailers like Fendi, Gucci, Hermès, Calvin Klein, BVLGARI, and Dior.

# Upper 5th Avenue, New York, US

One of the most famous streets in the world, Upper 5th Avenue is a part of 5th Avenue that runs through Midtown Manhattan between 49th and 60th Street. This 10 km-long stretch is one of the most expensive shopping streets in the world and the main artery of New York City’s shopping scene. You can find flagship stores of high street favourites like brands such as Victoria’s Secret, H&M, Zara and Uniqlo, luxury labels such as Hermès, Gucci, Tiffany & Co., Prada along with luxury department stores like Saks. The shopping street is just a short stroll away from the iconic Times Square and Central Park and is also home to the 24-hour flagship Apple Store.

# Bond Street, London, UK

The home of luxury shopping in London, Bond Street is the most expensive shopping street in Europe and the third most expensive in the world. Set in the heart of historic Mayfair, in London’s popular West End, this retail street has been at the heart of London’s luxe scene since the 18th century. Even today, this luxury shopping street is revered throughout the world for its incredible wealth of elegant stores, luxury goods, fine jewels, art and antiques and designer fashion. You’ll find you’ll find the likes of Cartier, Hermès, Chanel, Dior, Ralph Lauren, Asprey, BVLGARI, Burberry, Dolce & Gabbana, Jimmy Choo, Louis Vuitton, Mulberry, and Tiffany & Co among others.

# Avenue des Champs Elysées, Paris, France

Often described as the most beautiful avenue in Paris, Avenue des Champs-Élysées is a shopper’s paradise. The avenue is in the 8th arrondissement of Paris and visited each day by nearly 300,000 people, who come either to admire its majestic monuments or enjoy a (really expensive) shopping spree. One of the most expensive shopping streets in the world, Champs Elysees offers an opportunity to browse products from many renowned French design houses such as Chanel and Louis Vuitton. This luxury shopping street is also home to legendary perfume maker Guerlain, high-end American jewellery brand Tiffany & Co, the very popular French department store Monoprix and high street brands like Zara.

# Via Montenapoleone, Milan, Italy

Known as Milan’s most exclusive shopping street, Via Montenapoleone is a true mirror of Milan’s luxury fashion. This upscale shopping street gave its name to the entire district (known as Montenapoleone) and is known for its plethora of international fashion houses and exceptional Italian design. The city’s most famous shopping street truly reflects its reputation as the ‘fashion capital’ of the world. Via Montenapoleone welcomes its visitors to its refined boutiques and the flagship stores of the world’s leading brands, including Italian mainstays such as Gucci, Versace, and Valentino who are constantly competing for the most beautiful window displays.