Home | Insights | MAIN STREETS ACROSS THE WORLD 2022

MAIN STREETS ACROSS THE WORLD 2022

New York’s Fifth Avenue has reclaimed its position as the world’s most expensive retail street, with average rents of 1.756 euro/sq. m/month according to a new global ranking from real estate services firm Cushman & Wakefield. Pegging the Hong Kong dollar to the U.S. dollar has helped Hong Kong maintain a high-ranking position in 2022 in second, with Tsim Sha Tsui at €1,261/sq. m/month displacing Causeway Bay as the territory’s representative in the rankings. In third, Milan’s Via Montenapoleone at €1,212 sq. m/month is Europe’s most expensive shopping street for the first time, climbing above New Bond Street in London and Avenue des Champs Élysées in Paris.

Cushman & Wakefield’s flagship ‘Main Streets Across the World’ report, first launched in 1988, tracks the top retail streets across 92 cities and ranks the most expensive by prime rental value utilising Cushman & Wakefield’s proprietary data. An annual report until 2019, this is the first since then – allowing insight into comparative performance pre- and post-pandemic.

OTHER INSIGHTS

Rethinking European Offices 2030

Read more

Main Streets Across the World 2024

Read more

Real Estate Investors Barometer 2024

Read more