A street becomes expensive when shop rental prices soar far above the average. As per 2024 figures shared by global real estate brokers Cushman & Wakefield, these streets are the priciest global retail destinations.
Can a single street define luxury itself? In the heart of Milan’s fashion district, swanky, bellissimo Via Montenapoleone does just that. Exuding Italian sophistication rents have soared to jaw-dropping $2,047 per sq ft overtaking previous No 1s.
Once the most expensive street in the world, with rents climbing to above $3,500, today they are a tad lower at $2,000 per sq ft. On this elegant avenue you can find the world’s finest names in fashion -- Gucci, Prada, Versace, Louis Vuitton and the ever-iconic Saks Fifth Avenue.
The northern stretch of Bond Street, claims the title of Europe’s second most expensive retail haven, with rents touching an eye-popping $1,762 per sq ft. Stores hawking luxury goods, designer fashion, fine jewellery flourish around here. Equally common are Bentleys, Mercs, Rolls.
Could any corner of Asia nearly outshine New York or London’s glitter? Hong Kong’s Tsim Sha Tsui comes close, commanding an eye-watering $1,607 per sq ft. It’s the continent’s costliest stretch and the world’s third runner-up.
Parisian elegance never comes cheap -- on charming Avenue des Champs-Élysées, every square foot demands $1,282, a price tag as grand and glorious as the boulevard itself.
Dazzling, post-modern Ginza, with its sleek skyline and luminous storefronts, has an other-worldly quality like it's from a fantasy film. At $1,186 per sq ft, it stands as Japan’s most coveted retail address.
Zurich’s most gorgeous thoroughfare, it's the city's most prestigious one too. Retailers here pay around $989 per sq ft.