Top 10 Most Expensive Streets in The World
Some of the streets in the world become the center of the world’s culture. Those streets becoming a magnet for lot of people to go there. Because lot of people have interest with those streets, It become higher in price. That’s way the rent price for those streets become so expensive. Here’s the most expensive streets in the world in term of the rent price per square foot. Look at how expensive It is:
10. Ginza (Tokyo) : $794
It is known as an upscale area of Tokyo with numerous department stores, boutiques, restaurants and coffeehouses. It is recognized as one of the most luxurious shopping districts in the world. Many upscale fashion clothing flagship stores are located here. Prominent are Chanel, Louis Vuitton, and Gucci. A recent addition is the 12-story Abercrombie & Fitch flagship.
Price-per-square foot, per year: $794
Price in 2007: $683
9. New Bond Street (London) : $810
Bond Street is a major shopping street in London which runs through Mayfair from Piccadilly in the south to Oxford Street in the north. It is one of the principal streets in the West End shopping district and is more upmarket than nearby Regent Street and Oxford Street. It is in the Mayfair district of London, and has been a fashionable shopping street since the 18th century. Technically “Bond Street” does not exist: The southern section is known as Old Bond Street, and the northern section, which is rather more than half the total length, is known as New Bond Street. This distinction, however, is not generally made in everyday usage.
Price-per-square foot, per year: $810
Price in 2007: $813
8. Grafton Street (Dublin) : $824
Grafton Street (Irish: Sráid Grafton) is one of the two principal shopping streets in Dublin city centre, the other being Henry Street. It runs from St. Stephen’s Green in the south to College Green in the north.
Price-per-square foot, per year: $824
Price in 2007: $668
7. East 57th Street (New York City) : $900
East 57th Street are among the most strategic place for retailers in New York, the Madison Avenue and Fifth Avenue. Visitors staying at the Four Seasons, one of the most expensive hotels in Manhattan, where if they want to shop, just need to step foot in front of their door. Many options are available, starting from Tiffany & Co. Corner of Fifth and moved down to Tourneau at the end of Madison.
Price-per-square foot, per year: $900
Price in 2007: $900
6. Via Condotti (Rome) : $909
The key to retail prices remain the same. Wherever there are many tourists who come together is a place where the most expensive property can be found. That makes the Via Condotti, near the Spanish Steps, is a place for fine shops. The road had told by few writers like Lord Byron, John Keats and Percy Shelley was now transformed into a luxury goods sales like Valentino and Hermes.
Price-per-square foot, per year: $909
Price in 2007: not available
5. Via Montenapoleone (Milan) : $983
Milan is the fashion capital of Italy, and the Via Montenapoleone is the path that offers the best shopping centers. All that you imagine from Gucci and Louis Vuitton to Prada and Salvatore Ferragamo, can be found here.
4. Avenue Des Champs (Paris) : $1,134
Just few streets in the world that is integrated with high end fashion like Avenue Des Champs. Property in this area developed into mega-stores, such as the 20.000 square-foot Louis Vuitton showroom and the Virgin Atlantic shops, where it is their largest store in all of Europe.
Price-per-square foot, per year: $1,134
Price in 2007: $922
3. Madison Avenue (New York City) : $1,200
Madison Avenue is the second most expensive location in New York City. However won’t look as strong as the region of Fifth Avenue for years to come. According to Gene Spiegelman, executive director of retail services at Cushman & Wakefield, the opportunity there has lost and retailers tried to get a cheaper price.
Price-per-square foot, per year: $1,200
Price in 2007: $1,200
2. Causeway Bay (Hong Kong) : $1,784
Hong Kong is expensive. It’s good for retailer and make It’s quite difficult to find vacant land there to be built. But, It doesn’t stop the area as a major shopping center in East Asia. What can be seen there is mainly the Japanese retailers, such as the 13 story and Sogo department stores, as the most recognizable stores in the region.
Price-per-square foot, per year: $1,784
Price in 2007: $1,213
1. Fifth Avenue (New York City) : $1,850
Although there are many attractions offered in New York, but hard to find a place where people gather in the most crowded other than on Fifth Avenue, from Central Park to Bryant Park. Although It include Saks, Cartier, Bergdorf Goodman to the Apple Store there, Fifth Avenue also influent branding to retailers and bring great earning potential. The result, rents are most expensive in the world and still like that till today.
Price-per-square foot, per year : $1,850
Price in 2007 : $1,500