FX.co ★ Most expensive retail streets in the world

Causeway Bay takes the first place in this ranking. It is located on the north coast of Hong Kong Island. Originally, this place was a fishing village. Today, on Causeway Bay you can find shopping and office centers of Sogo, Times Square, World Trade Center, Fashion Island, Manulife Plaza and Times Square Natwest Tower.

The average rental price is $2,671 per square foot.

The second place belongs to 5th Avenue in the center of Manhattan, New York. This street is famous for its exclusive boutiques, architecture and historical and cultural centers. The section of 5th Avenue from 82nd to 105th Streets is called the Museum Mile, which is home to a number of outstanding museums.

The average rental price is $2,250 per square foot.

The third place goes to New Bond Street in London. Since the 18th century, one of the main streets of the West End shopping district has been filled with luxury boutiques and shops. The street was named after Thomas Bond. In 1983, the head of a syndicate of developers bought the adjacent quarter, cleared the territory and began the rapid real estate construction.

The average rental price is $1,744 per square foot.

Champs Elysees is ranked fourth among the most expensive retail locations in the world. The central street of Paris stretches from the Place de la Concorde to the Arc de Triomphe. The average rental price is $1,519 per square foot.

The avenue runs 1,9 km and has park and shop zones. Champs Elysees is considered the center of Parisian glamor. The swampy place, where people came for hunting ducks, did not attract anyone's attention until Marie de Medici ordered to develop it in the 17th century. Over time, Champs Elysees became prestigious and many famous people have settled here, for example, the third US President Thomas Jefferson.

The fifth place goes to Via Montenapoleone, Milan. The average rental price is $1,466 per square foot.

The street passes through the famous fashion quarter. Via Montenapoleone got its name during the reign of Napoleon. Initially, this place was the monastery quarter, and after the abolition of spiritual orders at the end of the 18th century, wealthy citizens began to settle here. In the middle of the 20th century, Milan became the new capital of fashion. Today, on Via Montenapoleone you can find fashion houses of famous designers.

Ginza, the shopping district of Tokyo, takes the sixth place in the ranking.

The average rental price is $1,219 per square foot.

The street got its name from the mint, which was located here in 1612. The look of old Ginza began to change in 1872, when, after a large fire, the area was built up with brick buildings in the Georgian style.

The seventh place belongs to Pitt Street Mall in Sydney. One of the very first streets in Sydney was originally called Pitt Row. Today it is a busy shopping area with a large number of stores in different price segments. The average rental price is $964 per square foot.

Seoul’s Myeongdong shopping street is ranked eighth. About 3 thousand people live in the area. There are four large department stores in Myeongdong. In addition, it is the main center of basic financial services and securities.

The ninth place belongs to Bahnhofstrasse, Zurich. It came into existence when the city fortifications were demolished in 1864 and the ditch in front of the walls was filled in. Until that time, the name of the area had been the Ditch of the Frogs.

The average rental price is $854 per square foot.

Vienna's shopping street Kohlmarkt closes the top 10 most expensive shopping streets in the world. The average rental price is $515 per square foot. After the construction of the Habsburg dynasty’s winter residence, manufacturers of high-quality and luxury goods began to occupy the street.

More than 440 expensive shopping streets from 65 countries hit the rating in 2018. The list includes Stoleshnikov Lane, located in the center of Moscow. It took the 18th place ($299 per square foot).