Main Streets Across the World 2024

APAC

APAC Ranking 2024

APAC Ranking 2023

Market

City

Location

Rent (USD/sq.ft/yr)

Rent (EUR/sqm/yr)

YOY (LCY)

1

1

Greater China Greater China

Hong Kong Hong Kong

Tsim Sha Tsui (main street shops) Causeway Bay (main street shops)

$1,607 $1,430 $1,186 $949 $830 $802

€ 15,697 € 13,965 € 11,582 € 9,266 € 8,107 € 7,832

7% 3%

2 3 4

2 3 4 6 5 8

Japan Japan Japan

Tokyo Tokyo Osaka Sydney

Ginza

25%

Omotesando

14%

5

Midosuji

9%

6

Australia

Pitt Street Mall

0%

7

Greater China

Hong Kong

Central (main street shops)

$721

€ 7,041

6%

8

7

Japan

Tokyo Seoul Seoul

Shinjuku

$711

€ 6,949

0%

9

9

South Korea South Korea

Myeongdong

$688 $595

€ 6,719

3%

10

10

Gangnam Station

€ 5,807 € 5,095 € 4,576 € 4,116 € 4,116 € 3,604 € 3,594 € 3,446 € 2,967 € 2,718 € 2,701 € 2,241 € 2,206 € 2,068 € 3,267 € 3,133

1% 1%

11

11

Chinese mainland

Shanghai

West Nanjing Road

$522

12 13 13 15 16

13

Singapore

Singapore

Orchard Road

$468 $421 $421 $369 $368 $353 $334 $304 $278 $277 $229 $226 $321

2%

14 15 12 16 18

Chinese mainland Chinese mainland Chinese mainland

Beijing

CBD

-3%

Shanghai

East Nanjing Road

0%

Nanjing

Xinjiekou

-23%

Vietnam

HCMC

Dong Khoi

-6% 0% 0% 0% 4% 6% 6% 7% -5%

17

Australia

Melbourne

Bourke Street

18 19

17

Vietnam

Hanoi

Trang Tien

19

Chinese mainland Chinese mainland Chinese mainland

Guangzhou

Tianhe Sports Centre

20

20

Chengdu

CBD

21

21

Chongqing

Guanyinqiao

22 23 24 25 26 27 28 29

22

Malaysia

Kuala Lumpur

Suria KLCC

24 23 25 26 28 29 30

India

New Delhi Hangzhou

Khan Market

Chinese mainland

Wulin

Australia

Brisbane

Queen Street Mall

$212

0%

Chinese mainland Chinese mainland Chinese mainland

Shenzhen

Luohu

$181

€ 1,771

1%

Qingdao

$159 $159 $158

€ 1,553 € 1,553 € 1,540

-5% -5%

Dalian

India

New Delhi

Connaught

5%

Source: Cushman & Wakefield

19

CUSHMAN & WAKEFIELD

MAIN STREETS ACROSS THE WORLD 2024