New York’s Upper 5th Avenue remains the world’s most expensive retail street, narrowly ahead of Hong Kong’s Causeway Bay, according to Cushman & Wakefield.
The annual Main Streets Across the World report tracks 462 of the top retail streets around the globe, ranking them by their prime rental value utilizing Cushman & Wakefield’s proprietary data. Now in its 28th edition, the report also includes a ranking of the 71 most expensive streets – the top one per country. This year’s report showed that 36% of all streets analyzed saw rental gains.
Paris’ Avenue des Champs Élysées, is third, London’s New Bond Street is fourth with Tokyo’s Ginza leapfrogging into fifth place. Na Příkopě in Prague took 23rd place.