The most expensive shopping street in the world is Upper 5th Avenue in New York. In addition, it is one of the most famous streets in the world. It is 10 km long and starts in Washington Square Park, on the level of 6th Street, then crosses the entire center of Manhattan and forms the eastern boundary of Central Park. Upper 5th Avenue, one of the most famous streets in the world, is part of the 5th Avenue that crosses the center of Manhattan between 49th and 60th Streets.
This 10-km-long stretch is one of the most expensive shopping streets in the world and the main artery of the New York City shopping scene. You can find emblematic stores of popular brands such as Victoria's Secret, H&M, Zara and Uniqlo, and luxury brands such as Hermès, Gucci or Tiffany & Co. The shopping street is just a short walk from the iconic Times Square and Central Park, and is also home to the iconic Apple Store, open 24 hours a day. Located in the heart of Sydney's Central Business District (CBD), Pitt Street Shopping Centre is Australia's busiest and most cosmopolitan shopping district.
It is the pedestrian section of Pitt Street and extends approximately 200 meters between Market Street and King Street. The Pitt Street Shopping Center, which is ranked seventh on the list of the most expensive shopping streets in the world, is home to more than 600 stores, including Myer, David Jones, Glasshouse, Sydney Arcade, Westfield Sydney, Mid City and The Strand Arcade. The Pitt Street Mall is considered the busiest shopping mall in Australia and is just a short walk from Darling Harbour, Hyde Park and the bustling Chinatown. Even today, this luxurious shopping street is revered around the world for its incredible number of elegant stores, luxury goods, fine jewelry, art and antiques, and designer fashion.
EU rivals, such as Milan and Paris, are seeing an increase in the number of foreign buyers seeking to take advantage of tax incentives. It is one of the most expensive and exclusive shopping avenues in the world, where you will find luxury brands such as Giorgio Armani and Louis Vuitton, as well as department stores, perfumeries, watch stores and some of the best Swiss delicacies. These stretches of streets full of luxury brands aren't for the faint-hearted, but these luxurious shopping streets are worth checking out, even their storefronts are impressive. London, where Bond Street fell from third place to fourth place in the rankings, is still struggling to recover from the pandemic, despite the fact that young buyers of luxury goods have helped to increase sales lately.
That dynamic helped Milan's Monte Napoleone Street reach third place from pre-COVID levels, while the famous Champs-Elysées in Paris rounded out the top five places. Boston's famous shopping street also has brand stores based on e-commerce, but it's famous in its own right. Considered one of the most beautiful shopping streets in Europe, Bahnhofstrasse is the main street in the center of Zurich. While traveling, shopping is one of the best ways to explore the culture and lifestyle of your destination.
A new report by Cushman & Wakefield ranked the world's most expensive shopping streets by rent. Since the list was first minted in 1988, the streets of Hong Kong or New York have always occupied first place, with the exception of Ginza, in Tokyo, which has managed to occupy first place four times. The upper reaches of Manhattan Street were once again ranked as the most expensive place in the United States to rent space for a retail store. Known as the most exclusive shopping street in Milan, Via Montenapoleone is a true mirror of Milan's luxury fashion.
Like many other cities, Philadelphia has received a retail boost thanks to e-commerce-based brands that have opened stores in major shopping areas. This luxurious shopping street is also home to the legendary perfume manufacturer Guerlain, the American high-end jewelry brand Tiffany & Co, the popular French department store Monoprix, and commercial brands such as Zara.