World’s Top 10 Most Expensive Streets In 2025

Despite global economic uncertainty, high-street retail spaces across the world have seen a solid comeback in 2025, fueled by rebounding international tourism and resilient consumer demand. According to Cushman & Wakefield’s ‘Main Streets Across the World 2025’ report, the average global rent on high streets grew by 4.2% this year.

For the first time, London’s New Bond Street has emerged as the most expensive retail street globally, marking a significant shift in the global commercial landscape.

Top 10 Most Expensive Streets in the World – 2025

Below is the official ranking of the 10 costliest high streets worldwide based on annual rent per square foot:

Rank	Street Name	City, Country	Region
1	New Bond Street	London, UK	Europe
2	Via Montenapoleone	Milan, Italy	Europe
3	Upper Fifth Avenue	New York City, USA	North America
4	Tsim Sha Tsui	Hong Kong	Asia
5	Champs-Élysées	Paris, France	Europe
6	Ginza	Tokyo, Japan	Asia
7	Bahnhofstrasse	Zurich, Switzerland	Europe
8	Pitt Street Mall	Sydney, Australia	Australia
9	Myeongdong	Seoul, South Korea	Asia
10	Kohlmarkt	Vienna, Austria	Europe

Key Highlights

• London’s New Bond Street saw a 22% increase in annual rent, helping it rise from 3rd to 1st globally.
• New York’s Upper Fifth Avenue dropped to third position.
• Three Asian high streets—Tsim Sha Tsui (Hong Kong), Ginza (Tokyo), and Myeongdong (Seoul)—made it to the top 10.
• Ginza recorded a notable 10% rental growth, closing in on Paris’ Champs-Élysées.

India’s Position: Khan Market, New Delhi

India’s most expensive shopping street, Khan Market in New Delhi, ranked 24th globally in 2025, slipping one position from last year. It remains the costliest high street in India, with:

• Annual Rent: US$223 per sq. ft.
• Year-on-Year Growth: 3%

This performance underscores Khan Market’s continued importance in South Asia’s retail economy.

Regional Trends

• Americas: Led global growth with an 8% rise in rents.
• Europe: Grew steadily at 4%.
• Asia-Pacific: Saw slower growth at 2%, impacted by post-pandemic recovery in certain areas.
• Middle East: Dubai Mall’s Fashion Avenue entered the top 25 globally, ranked 11th, with a 9% growth in rental value.

MCQ:

Which street was ranked the world’s most expensive retail location in 2025?
a) Via Montenapoleone
b) Upper Fifth Avenue
c) New Bond Street
d) Champs-Élysées