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Bloomberg ranked global shopping locations based on the rental price in U.S. dollars per square foot in 2013 and identified the 50 costliest locations.
Data are based on Cushman & Wakefield's survey of their international offices.
Cushman & Wakefield: Main Streets Across the World 2012-2013 and 2013-2014
March 3, 2014
Rank | Location | City | Country | Rent per square foot USD 2013 | Rent per square foot USD 2012 | Change 2012 to 2013 |
---|---|---|---|---|---|---|
1 | Causeway Bay t | Hong Kong | Hong Kong | $3,017 | $2,630 | 14.7% |
2 | 5th Avenue t | New York | United States | $2,500 | $2,500 | 0.0% |
3 | Central | Hong Kong | Hong Kong | $2,290 | $1,856 | 23.4% |
4 | Times Square | New York | United States | $2,100 | $2,100 | 0.0% |
5 | Tsim Sha Tsui | Hong Kong | Hong Kong | $2,042 | $1,547 | 32.0% |
6 | Avenue des Champs Elysees | Paris | France | $1,601 | $1,129 | 41.8% |
7 | East 57th Street | New York | United States | $1,200 | $1,100 | 9.1% |
8 | Madison Avenue | New York | United States | $1,100 | $1,100 | 0.0% |
9 | New Bond Street t | London | United Kingdom | $1,047 | $936 | 11.9% |
10 | Ginza t | Tokyo | Japan | $984 | $1,057 | -6.9% |
11 | Via Montenapoleone t | Milan | Italy | $906 | $825 | 9.8% |
12 | Avenue Montaigne | Paris | France | $889 | $695 | 27.9% |
12 | Rue du Faubourg St. Honore | Paris | France | $889 | $695 | 27.9% |
14 | Bahnhofstrasse t | Zurich | Switzerland | $874 | $854 | 2.3% |
15 | Pitt Street Mall t | Sydney | Australia | $850 | $952 | -10.7% |
16 | Omotesando | Tokyo | Japan | $849 | $972 | -12.7% |
17 | Via Condotti | Rome | Italy | $845 | $802 | 5.4% |
18 | Place Vendome/Rue de La Paix | Paris | France | $800 | $738 | 8.4% |
19 | Piazza Di Spagna | Rome | Italy | $785 | $707 | 11.0% |
20 | Myeongdong t | Seoul | South Korea | $732 | $686 | 6.7% |
21 | Piazza San Lorenzo | Rome | Italy | $725 | $707 | 2.5% |
22 | Rue St. Honore | Paris | France | $711 | $564 | 26.1% |
23 | Oxford Street | London | United Kingdom | $710 | $720 | -1.4% |
24 | Corso Vittorio Emanuele | Milan | Italy | $664 | $589 | 12.7% |
25 | Gangnam Station | Seoul | South Korea | $631 | $590 | 6.9% |
26 | Sloane Street | London | United Kingdom | $619 | $608 | 1.8% |
27 | Regent Street | London | United Kingdom | $592 | $565 | 4.8% |
28 | Covent Garden | London | United Kingdom | $580 | $500 | 16.0% |
28 | Via Della Spiga | Milan | Italy | $580 | $566 | 2.5% |
28 | Via Sant’Andrea | Milan | Italy | $580 | $566 | 2.5% |
31 | La Croisette | Cannes | France | $578 | $564 | 2.5% |
32 | Rodeo Drive (Beverly Hills) | Los Angeles | United States | $575 | $540 | 6.5% |
33 | Kohlmarkt t | Vienna | Austria | $536 | $481 | 11.4% |
34 | Boulevard Haussmann | Paris | France | $534 | $434 | 23.0% |
34 | Boulevard St. Germain | Paris | France | $534 | $477 | 11.9% |
36 | Kaufingerstrasse t | Munich | Germany | $522 | $495 | 5.5% |
37 | Via del Corso | Rome | Italy | $519 | $472 | 10.0% |
38 | Shibuya | Tokyo | Japan | $509 | $634 | -19.7% |
39 | Brompton Road | London | United Kingdom | $495 | $500 | -1.0% |
40 | North Michigan Avenue | Chicago | United States | $485 | $475 | 2.1% |
41 | Union Square | San Francisco | United States | $475 | $450 | 5.6% |
42 | Stoleshnikov t | Moscow | Russia | $465 | $372 | 25.0% |
43 | Wangfujing t | Beijing | China | $436 | $403 | 8.2% |
44 | Graben | Vienna | Austria | $435 | $389 | 11.8% |
44 | Karntnerstrasse | Vienna | Austria | $435 | $389 | 11.8% |
46 | Spitalerstrasse | Hamburg | Germany | $427 | $410 | 4.1% |
46 | Zeil | Frankfurt | Germany | $427 | $410 | 4.1% |
48 | George Street | Sydney | Australia | $425 | $476 | -10.7% |
48 | Queen Street Mall | Brisbane | Australia | $425 | $476 | -10.7% |
50 | Tverskaya | Moscow | Russia | $418 | $418 | 0.0% |