Exclusive restaurants, chic hotels, and, above all, luxury shops characterize the world’s most expensive shopping streets.
These are the 5 most expensive shopping streets worldwide (ordered from the least expensive to the most expensive).
5th Place: Via Montenapoleone, Milan
Via Montenapoleone is one of the most popular shopping destinations in all of Italy and is also considered the most expensive street in Italy.
It is located in the heart of the city and is known for its high-end boutiques, designer shops, and luxury brands.
In the tree-lined streets of Via Montenapoleone near Milan Cathedral, visitors will find a variety of exclusive brands and award-winning designers.
Big names include Gucci, Prada, Louis Vuitton, Armani, Chanel, and Fendi, among many others.
In addition to the many designer shops, Via Montenapoleone is also home to a number of high-end jewellers, antique shops, and art galleries. The monthly rent is around 1002,85 pounds per m².
4th Place: Avenue des Champs-Élysées, Paris
One of the most famous shopping streets in the world is the Avenue des Champs-Élysées.
The famous shopping street begins at Place Charles de Gaulle, where the Arc de Triomphe stands.
Cartier, Louis Vuitton, Chanel, Hugo Boss, and many other luxury brands have their shops on the Champs-Élysées in Paris and pay exorbitant rents of more than 1053 pounds per square metre.
The Avenue des Champs-Élysées is also a popular tourist destination. Every year, millions of people visit the Avenue des Champs-Élysées to see the sights and experience the unique atmosphere.
In addition to its shopping opportunities, the Avenue des Champs-Élysées is also considered one of the most beautiful streets in Paris. It is lined with trees and has a wide, well-kept central reservation.
3rd Place: Bond Street, London
The price for a square metre of shop space on New Bond Street in London’s Mayfair district is over 1185 pounds a month.
Not only are shop rents high here – London is also one of the most expensive cities in the world when it comes to residential rents.
Bond Street is one of the city’s most popular and well-known shopping destinations.
With its elegant and luxurious boutiques, designer shops, and high-end brands, it attracts shoppers from all over the world who are looking for an exclusive and sophisticated shopping experience.
Bond Street in the heart of Mayfair, named after Sir Thomas Bond, has a rich history dating back to the 18th century when it was established as a residential street for aristocratic families.
Today, Bond Street is still a centre for luxury fashion, attracting some of the biggest names in retail, including Chanel, Louis Vuitton, Cartier, Gucci, Harry Winston, Montblanc, Prada, and Tiffany & Co.
2nd Place: 1 Fifth Avenue, New York
Fifth Avenue has topped the rankings of the most expensive shopping streets in the world in recent years and decades.
It currently occupies a second place and is undoubtedly one of the most popular shopping streets in the world.
With its busy pavements and beautiful architecture, it is a popular destination for locals and tourists alike.
Although many other major cities around the world have their own version of Fifth Avenue, none come close to the prestige and glamour of New York’s Fifth Avenue.
Long associated with wealth and luxury, this famous street is home to some of the most exclusive shops in the world.
It is said that the Apple Store is photographed more often than the Statue of Liberty on Fifth Avenue.
In addition to its retail offerings, Fifth Avenue is also home to some of New York’s most famous landmarks, including the Empire State Building and Rockefeller Center. The monthly rent is around 1031 pounds per m².
1st place: Russell Street, Hong Kong
Russell Street is one of the most popular and bustling areas in Hong Kong.
With a variety of shops, restaurants, and entertainment options, it attracts locals and tourists alike with its vibrant energy.
Russell Street’s most popular attractions include Times Square, a large shopping complex with hundreds of restaurants and shops; Hysan Place, an upscale mall with high-end fashion brands and gourmet restaurants; and Sogo, a large department stores’ known for its designer boutiques and trendy cafés.
In addition to its many retail outlets, Russell Street is also home to some of the city’s best nightspots.
From elegant rooftop bars offering stunning views of the city skyline to gritty pubs and clubs playing the latest hits, there’s something for everyone in this vibrant neighborhood.
Russell Street in Hong Kong requires more than 1756 pounds per square metre of retail space, making it currently the most expensive shopping street in the world.