New Name Tops List of World's Most Expensive Shopping Streets

Hong Kong has supplanted New York atop Cushman & Wakefield's list of the ten most expensive shopping streets in the world. London's Bond Street fell out of the top ten due to Britain's weak economy.

Ashley Lutz looks at the world's most expensive main streets, as determined by the average annual rent retailers paid per square foot to secure a spot amongst the globe's luxury brands. Tokyo is home to two such streets and New York City had four addresses make the list. But Hong Kong was the big winner, with three areas finding a place in the top ten, including Causeway Bay where average annual rents of $2,630/square foot pushed New York City's Fifth Avenue ($2,500/square foot) to second place.

 

Full Story: The Most Expensive Shopping Streets In The World

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00
Book cover of Contemporary Debates in Urban Planning

Contemporary Debates in Urban Planning

Featuring thought-provoking commentary and insights from some of the leading thinkers and practitioners in the field.
$18.95