Top 10 most expensive streets in the world: commercial rental price per 1 sq.m

Along with the list of the most expensive cities in the world, there is also a list of streets with the highest rent per square meter of commercial real estate. Expensive boutiques of the most famous fashion brands and designers are usually located on such streets.

Causeway Bay, Hong Kong — $ 25,965

Causeway Bay, a district on the north coast of Hong Kong Island, has topped the ranking of the most expensive commercial real estate three times over the past 10 years. Tenants pay an average of $27,450 per square meter per year (approximately 1 million 732 thousand rubles).

Fifth Avenue is a street in midtown Manhattan in New York. One of the most famous, respectable and expensive streets in the world, where there are many shops. The average rent per year will cost $ 21,295 per square meter (approximately 1 million 345 thousand rubles).

New Bond Street, London — $16,222

New Bond Street is a street of high-end shops in London's Mayfair district. The street is named after Thomas Bond, the head of a syndicate of developers. The rent is $ 16,222 per year per square meter (approximately 1 million 24 thousand rubles).Champs-Elysees, Paris — $ 13,922

Champs—Elysees - stretch in the heart of Paris from Concord Square to The Arc de Triomphe. The rental price is $ 13,922 per year (approximately 879 thousand rubles).

Via Montenapoleone, Milan — $ 13,700

Via Montenapoleone is one of the central streets of Milan, passing through the Fashion Quarter. Boutiques of famous haute couture houses are located on the street because of this, the rental cost is quite high and amounts to $ 13,700 per year (approximately 865 thousand rubles).

Ginza, Tokyo — $ 11,838

Ginza is a shopping district and cultural center of the Japanese capital. There is a huge cluster of shops here, which makes this place attractive to buyers and expensive for sellers. Renting one meter will cost $ 11,838 per year (approximately 746.5 thousand rubles).

Pitt Street Mall, Sydney — $10,185

Pitt Street Mall is a pedestrian area of Pitt Street in Sydney, Australia. It is located in the business center of the city, which causes a high rental cost of $ 10,185 per year (approximately 643 thousand rubles).

Bahnhofstrasse, Zurich — $ 8,195

Bahnhofstrasse is the central street of the Swiss city of Zurich, one of the most famous and expensive shopping streets in the world. The rent per square meter is $ 8,195 per year (approximately 517 thousand rubles).

Myeongdong, Seoul — $ 8,163

Myeongdong is the main shopping street of Seoul, popular among residents of the capital and foreigners due to the large number of shops selling goods of world brands. The most expensive street in Seoul in terms of rent is $ 8,163 per year (approximately 515 thousand rubles).Kohlmarkt, Vienna — $ 4,860

Kohlmarkt — shopping street in Vienna, connecting Michaelerplatz with Graben. Because of the boutiques and jewelry stores located on it, it is considered the most expensive shopping street in Austria. On average, $ 4,860 per year per square meter (approximately 307 thousand rubles).