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Annual rent in the most expensive retail locations globally 2018

Most expensive retail locations worldwide as of June 2018, by annual rent (in U.S. dollars per square foot)

by Jennifer Rudden, last edited Jul 17, 2019
Annual rent in the most expensive retail locations globally 2018 The statistic presents the most expensive retail locations worldwide as of June 2018, based on annual rent. In that year, the annual rent of a retail space in the Avenue des Champs-Elysees in Paris amounted to 1,519 U.S. dollars per square foot.
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.
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Most expensive retail locations worldwide as of June 2018, by annual rent (in U.S. dollars per square foot)

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