10 most expensive shopping streets across the world in 2025

Where luxury lives: A global look at the world’s 10 most expensive shopping streets in 2025.

Luxury travel isn’t just about ticking off destinations anymore—it’s about wandering the streets that capture a city’s spirit. And in 2025, those iconic boulevards are having a renaissance. As travellers return in full force and brands fight harder for attention, the world’s great shopping avenues are transforming into immersive, story-led retail experiences.

Despite geopolitical tensions and global economic jitters, luxury retail is firmly back in the spotlight. International tourism has surged, driving rents on major shopping streets up by an average of 4.2%, as revealed in Cushman & Wakefield’s Main Streets Across the World 2025 report.

Published on November 19, the study analysed headline rents across 138 of the world’s best urban retail locations, ranking the most expensive high streets in every major market. And for the first time ever, London’s New Bond Street has taken the global crown—becoming officially the world’s most valuable stretch of retail real estate.

Here are the 10 most expensive shopping streets in the world in 2025.

1. New Bond Street, London, UK — $2,231/sq ft/year

Rich with British heritage and lined with stately townhouses, New Bond Street blends old-world charm with modern luxury. Its rise to the world’s costliest street reflects London’s retail revival, powered by tourism, craftsmanship, and unmatched high-fashion prestige.

2. Via Montenapoleone, Milan, Italy — $2,179/sq ft/year

Milan’s most elegant shopping artery, Via Montenapoleone exudes Italian glamour. Couture houses, bespoke ateliers, and impeccably dressed locals turn this iconic street into a living runway showcasing Milan’s devotion to craftsmanship and timeless artistry.

3. Upper 5th Avenue, New York City, USA — $2,000/sq ft/year

A dramatic blend of towering skyscrapers and glittering storefronts, Upper 5th Avenue is New York City’s luxury showpiece. Here, ambition meets extravagance as global flagships compete for attention in the world’s most energetic retail landscape.

4. Tsim Sha Tsui, Hong Kong — $1,515/sq ft/year

With its sweeping harbour views, mega malls, and nonstop crowds, Tsim Sha Tsui reflects Hong Kong’s status as Asia’s luxury powerhouse. International labels thrive here, tapping into the city’s fast-paced shopping culture and growing influx of global travellers.

5. Champs-Élysées, Paris, France — $1,364/sq ft/year

A boulevard that feels straight out of a film, the Champs-Élysées blends haute couture, grand cafés, and Parisian romance. Every stroll is a sensory experience as history, art, and fashion seamlessly merge under its iconic tree-lined charm.

6. Ginza, Tokyo, Japan — $1,257/sq ft/year

Ginza offers a pristine balance of tradition and futurism. Its sleek architecture, refined boutiques, and impeccable service create a uniquely Japanese retail experience where minimalism elevates luxury and every detail feels deliberate and beautiful.

7. Bahnhofstrasse, Zurich, Switzerland — $1,051/sq ft/year

Quiet sophistication defines Bahnhofstrasse, a haven for watch connoisseurs and jewellery lovers. Its serene atmosphere, paired with Swiss precision and prestige, makes it one of Europe’s most polished and impeccably curated shopping streets.

8. Pitt Street Mall, Sydney, Australia — $795/sq ft/year

Vibrant, pedestrian-friendly, and fashion-forward, Pitt Street Mall is Australia’s retail heartbeat. Its dense cluster of global brands, homegrown labels, and buzzing city energy make it a compact yet powerful luxury playground.

9. Myeongdong, Seoul, South Korea — $653/sq ft/year

A lively blend of K-beauty boutiques, neon-lit alleys, and trendy fashion stalls, Myeongdong captures Seoul’s youthful pulse. It’s energetic, experimental, and always crowded—perfect for travellers who love fast-moving trends and chaotic charm.

10. Kohlmarkt, Vienna, Austria — $601/sq ft/year

Kohlmarkt’s elegant baroque façades and imperial-era charm create a refined backdrop for high-end shopping. Once frequented by royal families, it remains Vienna’s most graceful luxury strip, balancing history with modern European sophistication.