Where to splash your cash
New York’s Upper 5th Avenue is the most expensive retail street in the world with rents rising to US$3,500/sq.ft/yr in 2015 – nearly 50 per cent more expensive than second place Causeway Bay in Hong Kong, according to a study by Cushman & Wakefield
Avenue des Champs Élysées in Paris retained its crown as the most expensive retail location in EMEA, followed closely by London’s New Bond Street.
The most expensive shopping locations in the world:
1 USA New York Upper 5th Avenue (49th – 60th Sts) $3,500 per sq ft per year
2 Hong Kong Hong Kong Causeway Bay (main street shops) $2,399.2 per sq ft per year
3 France Paris Avenue des Champs Elysees $1,372.1 per sq ft per year
4 United Kingdom London New Bond Street $1,321.2 per sq ft per year
5 Italy Milan Via Montenapoleone $1,035.1 per sq ft per year
6 Australia Sydney Pitt Street Mall $921.1 per sq ft per year
7 Switzerland Zurich Bahnhofstrasse $894.6 per sq ft per year
8 Japan Tokyo The Ginza $881.9 per sq ft per year
9 South Korea Seoul Myeongdong $881.8 per sq ft per year
10 Austria Vienna Kohlmarkt $478.2 per sq ft per year
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