Top 5 most expensive streets in the world
New York, Paris and London have the most “expensive” streets in the world, according to a report made by Cushman & Wakefield.
The world’s most famous streets are also the most “expensive”. This classification was made by Cushman & Wakefield, depending on the rent that stores in the area pay in order to be located there. Here are the world’s most expensive streets, according to worldatlas.com:
Fifth Avenue, New York
The street is almost 10 kilometers long and stores from the most famous brands are located here, including Gucci, Prada, Versace and Louis Vuitton. Renting a square meter here in order to open a store costs almost $35,000/year.
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Causeway Bay, Hong Kong
This is the world’s second most expensive street and the most expensive one in Asia. The luxurious Regal Hong Kong Hotel, Lanson Place Honk Kong and Excelsior are located here. A square meter can be rented for $24,000/year.
Avenue des Champs-Élysées, Paris
Renting a commercial space on this street costs around $13,700/square meter a year. The avenue stretches for almost two kilometers.
New Bond Street, London
This is Europe’s second most expensive street. The rent costs around $13,000/year per square meter. Chanel, Dolce Gabbana and Tiffany Co are just some of the brands that have stores on this street.
Via Montenapoleone, Milan
This is the world’s fifth most expensive street, with a square meter being available for rent for around $10,000/year.
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