New Bond Street has been named the most expensive shopping street for retail rent in Europe and the third most expensive in the world, according to the 30th edition of the Cushman and Wakefield annual report. The UK shopping street retained its third position in the ranking, beaten to top place only by Causeway Bay, Hong Kong, and Upper 5th Avenue, New York, who topped the list with the first and second place, respectively.

Paris’ Avenue des Champs Elysees and Milan’s Via Montenapoleone followed New Bond Street in fourth and fifth place, while further down the list Tokyo’s Ginza shopping area came in at the sixth place and Sidney’s Pitt Street Mall at seventh. READ MORE