10 Most Expensive Streets In The World
In the developed cities of the world, there are large shopping streets with famous brand stores concentrated in one place, and the rental price of buildings and apartments in the area is very high. It attracts the attention of buyers as well as business owners as all the latest high-end products and services can be accessed from there at the same time.
10. Causeway Bay, Hong Kong
The Causeway Bay district is located in the northern part of the coast of Hong Kong and has topped the list of the most expensive shopping centers in the world for the past 10 years. Tenants rent one square meter for 27,450 USD per year.
9. 5th Avenue, New York
Fifth Avenue located in the center of Manhattan, New York is known as the most expensive street in the world, and the street has world-famous brand stores. On average, one square meter can be rented for 21,295 USD per year.
8. New Bond Street, London
New Bond Street is one of the most luxurious streets in London’s Mayfair district and was named after Thomas Bond, the head of a syndicate of builders. One square meter area is 16222 dollars per year.
7. Avenue Elysee, Paris
The Champs-Elysees avenue is located in the heart of Paris and stretches from the Place de la Concorde to the famous Arc de Triomphe. The annual rent for one square meter of the building is 13,922 US dollars.
6. Via Monte Napoleone, Milan
It is one of the main streets of Milan and it can be said that it is located in an important part of the fashion world. The street has the most expensive luxury brand stores in the world, so the rent is high. Tenants rent one square meter for 13,700 USD per year.
5. Ginza, Tokyo
Ginza is the main commercial and cultural street of the Japanese capital. There are a lot of shops on this street and each shop attracts a lot of shoppers but is very expensive. The annual rent for one square meter is 11838 USD.
4. Pitt Street Mall, Sydney
Pitt Street Mall is a pedestrianized street in Sydney, the capital of Australia, and it is located in a busy area, so the annual rent for one square meter is 10,185 USD.
3. Bahnhofstrasse, Zurich
Bahnhofstrasse, the main street in Zurich, Switzerland, is one of the most expensive shopping streets in the world. Tenants rent a square meter for $8,195 a year.
2. Myeongdong, Seoul
Myeongdong is a major shopping street in Seoul and is popular with downtown residents and foreigners alike. The facility located on the most expensive street in Seoul costs $8,163 per square meter per year.
1. Kohlmarkt, Vienna
Kohlmarkt is a Viennese shopping street that connects Michaelerplatz and Graben. The street is home to a large number of brand stores and decorative shops, making it the most expensive shopping street in Austria. Tenants rent an average of 4,860 USD per square meter per year.