Annual rent in the most expensive retail locations globally 2019

As of June 2019, the annual rent of a retail space in the Avenue des Champs-Elysees in Paris amounted to 1,478 U.S. dollars per square foot. However, Causeway Bay in Hong Kong was the most expensive retail location worldwide.

Luxury retail locations – additional information

Where renters complain about high rents, top retailers see it differently. They believe that these locations are essential for brand equity, translating into increased sales and higher profit margins. Therefore big retailers pay high prices for top locations. The most expensive retail location in the world is Causeway Bay in Hong Kong where retailers paid around 2,671 U.S. dollars per square foot per year in 2018. Upper 5th Avenue in New York was the second most expensive retail location in the world, followed by New Bond Street in London. In these locations, rents are only likely to increase further as cities grow and attract increasing numbers of visitors each year, such as is the case of New York.

Most expensive retail locations worldwide as of June 2019, by annual rent

Annual rent in U.S. dollars per square foot
Causeway Bay, main street shops
(Hong Kong)
2,745
Upper 5th Avenue, 49th-60th Sts
(New York)
2,250
New Bond Street (London)1,714
Avenue des Champs-Elysees (Paris)1,478
Via Montenapoleone (Milan)1,447
Ginza (Tokyo)1,251
Pitt Street Mall (Sydney)1,076
Bahnhofstrasse (Zurich)866
Myeongdong (Seoul)862
Kohlmarkt (Vienna)513
Wangfujing (Beijing)471
Kaufinger/Neuhauser (Munich)469
Grafton Street (Dublin)401
Portal de L'Angel (Barcelona)361
Ermou (Athens)361
Orchard Road (Singapore)312
Kalverstraat (Amsterdam)301
Na Prikope street (Prague)298
Stoleshnikov (Moscow)288
Khan Market (New Delhi)243
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Source

Release date

November 2019

Region

Worldwide

Survey time period

June 2019

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