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The Most Expensive Shopping Streets in the World

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Almost three years after the start of the global pandemic, the retail industry has gone through one of the most serious stress tests imaginable. But the best-in-class real estate has remained reliable, and in some markets it has even strengthened.

Cushman & Wakefield has published the report "Main Streets of the World" for 2022.

Analysts estimate the best shopping districts in 92 cities around the world at the cost of renting first-class real estate.

TOP 10 expensive shopping streets in the world in 2022 (monthly rental price per sq.m.):

  1. New York City (USA), Upper 5th Avenue - €21,076
  2. Hong Kong (China), Tsim Sha Tsui - €15,134
  3. Milan (Italy), Via Montenapoleone - €14,547
  4. London (UK), New Bond Street - €14,346
  5. Paris (France), Avenue de Champs Elysees - €11,069
  6. Tokyo (Japan), Ginza - €9,956
  7. Zurich (Switzerland), Bahnhofstrasse - €8,927
  8. Sydney (Australia), Pitt Street Mail - €7,624
  9. Seoul (South Korea), Myeongdong - €5,973
  10. Shanghai (China), West Nanjing Road - €5,225

Key facts:

  • Rents in the world's main retail outlets fell by an average of 13% at the height of the pandemic, but recovered only 6% below the pre-pandemic level.
  • America, largely thanks to the United States, has been the most resilient region — on average, rents are now 15% higher than before the pandemic.
  • In the Asia-Pacific region, rents fell by an average of 17% due to the closure of international borders, which led to a restriction of tourism in prestigious areas.

Source: Cushman & Wakefield
Photo by Clay LeConey on Unsplash

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105 000 €
Commercial property in Becici, Montenegro
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The object code is 1.30.2.7351 Cozy studio in Becici with sea view.The apartment is fully equipped, furnished and very cost-effective to rent.The area of the apartment is 40 m2.The price is € 105 thousand.
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Hotel for 300 000 euro in Montenegro
300 000 €
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Commercial property for 9 000 000 euro on Costa del Maresme, Spain
9 000 000 €
Commercial property on Costa del Maresme, Spain
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NF Group
Investment project for 300 000 euro in Riga, Latvia
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Investment property for sale. Offices after complete renovation, located in the heart of Riga, Rainisa Boulevard 31, in front of the Train Station and STOCKMANN, two minutes walking from the Old City. Offices are located on the 2 nd floor, half of the windows opening onto a Rainis Boulevard and its park, and another half into a quiet...
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Office for 119 700 euro in Alanya, Turkey
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Office in Alanya, Turkey
68 sq.m
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Hotel for 9 555 000 euro in Alanya, Turkey
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Commercial property for 255 780 euro in Ravda, Bulgaria
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Hotel for 1 390 000 euro in Budva, Montenegro
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676 sq.m
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Commercial property for 2 500 000 euro on Dodecanese, Greece
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Commercial property on Dodecanese, Greece
4800 sq.m
For sale business of 4800rs in Rhodes island. A view of the mountain, the forest opens up from the windows. The owners will be leaving the furniture with the sale. Extras included with the property: parking space.
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Hotel for 6 000 000 euro on Dodecanese, Greece
6 000 000 €
Hotel on Dodecanese, Greece
3450 sq.m
For sale a hotel, which is located in the heart of the tourist area of the city a few steps from the seaside and the Casino of Rhodes. The building consists of 6 storeys and a basement room that can be used for parking. On the ground floor there is a reception, bar-restaurant, lounge and bathrooms. On the other floors are accommodated 82...
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Commercial property for 920 000 euro on Dodecanese, Greece
920 000 €
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383 sq.m
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Commercial property for 2 500 000 euro in Limassol, Cyprus
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Hotel for 1 700 000 euro in Thessaloniki, Greece
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Hotel in Thessaloniki, Greece
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Office for 880 000 euro in Limassol, Cyprus
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Hotel for 2 100 000 euro in Athens, Greece
2 100 000 €
Hotel in Athens, Greece
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Commercial property for 170 000 euro in Antalya, Turkey
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Commercial property in Antalya, Turkey
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Commercial property for 1 700 000 euro in Paphos, Cyprus
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The building is located in Kato Paphos, a popular area of Paphos, Cyprus. The object is under construction, which indicates that it has not yet been built and completed. The covered area of the building is 384 square meters, which creates a sense of internal living space. The nearest airport is a 30-minute drive away, which makes it convenient...
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Commercial property for 580 000 euro in Pieria, Greece
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Commercial property in Pieria, Greece
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Shop for 111 177 euro in Nesebar, Bulgaria
111 177 €
Shop in Nesebar, Bulgaria
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