It’s All About Location

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Tell that to the people behind Gucci, Prada, Louis Vuitton or Tiffany. After all, they’re paying fortunes to have their shops set up on the most expensive main streets in the world. Well, if you are not in chase of top-notch spot on Fifth avenue or Bond street, then here https://jiji.ng/commercial-property-for-rent you will definitely find the premises that fit your budget. In meantime, here is a list of the most expensive streets in the world.

 

USA: Fifth Avenue, New York

Prime rent per square foot per year: $3,000

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Fifth Avenue is a major street which passes through Manhattan island in New York City. It stretches from Harlem to Washington Square in Greenwich Village. It is considered among the most expensive and top-notch shopping streets in the world. Whether you are buying the latest fashions, souvenirs, or  housewares, New York outlets on Fifth Ave cater to every taste and budget. 

 

Hong Kong: Causeway Bay

Prime rent per square foot per year: $2,878

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Causeway Bay is the most expensive retail location in the Asia Pacific region. It is undeniably one of the highlights of a trip to Hong Kong. You can see exhausted but happy visitors going back to their hotels carrying handful of shopping bags.

 

France: Avenue des Champs Elysées, Paris

Prime rent per square foot per year: $1,368

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Frequently described as ‘the world’s most beautiful avenue’, it is lined with exquisite restaurants , luxury boutiques, flagship stores and nightclubs. France has the highest number of expensive main street locations in the Europe-Middle East-Africa (EMEA) region, representing five of the most expensive streets in the world.

 

United Kingdom: New Bond Street, London

Prime rent per square foot per year: $1,283

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London’s famous Bond Street is known to  the world for its luxury stores, exclusive brands, designer fashion, expensive goods, jewels, art and antiques. Located in the heart of historic Mayfair, Bond Street has become a haven for gracious living.

 

Japan: The Ginza, Tokyo

Prime rent per square foot per year: $1,249

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Ginza is the ritziest and biggest upscale shopping district in Tokyo, home to the city’s posh boutiques and glamorous department stores.

 

Italy: Via Montenapoleone, Milan       

Prime rent per square foot per year: $1,239

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Milan’s upscale shopping street, famous for its brands and jewelry shops. Being  located in one of the most prestigious precincts in the city, it generates 25% of the entire city’s international shopping turnover.

 

Australia: Pitt Street Mall, Sydney       

Prime rent per square foot per year: $9688

Pitt Street Mall is located in the most cosmopolitan shopping precinct in the heart of The Sydney CBD. There are more than 600 different stores, that are all within two city blocks and  you’re almost certain to find something to fit your style and budget.

 

South Korea: Myeong-dong, Seoul        

Prime rent per square foot per year: $908

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Myeong-dong is one of the primary shopping districts in Seoul. Many brand shops and department stores line the streets and alleys. Common products for sale include clothes, shoes, and accessories.

 

Switzerland: Bahnhofstrasse, Zürich            

Prime rent per square foot per year: $868

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Strong demand from watch and jewelry retailers continues to make Zurich’s Bahnhofstrasse one of the most expensive locations in Europe for retailers.

 

Austria: Kohlmarkt, Vienna

Prime rent per square foot per year: $477

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Kohlmarkt, originally known as Coal Market is one of the oldest streets in Vienna. Like Graben, it is an eclectic collection of wonderful historical buildings and up-market shops.

 

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