Main Streets Across the World 2024

GLOBAL MAIN STREET RANKING CHANGES

• Milan’s Via Montenapoleone overtook New York City’s Fifth Avenue as the world’s most expensive retail destination; the change marks Europe’s first time at the top in report history. This reflects robust rental growth on the Italian street, exceeding 30% in the last two years, further bolstered this year by the euro’s appreciation against the U.S. dollar. • Further changes occurred in position three, with London’s New Bond Street leapfrogging Tsim Sha Tsui in Hong Kong, pushing the latter into 4 th spot despite positive rental growth this year. • Avenue des Champs-Elysees in Paris retained 5 th position, but the gap to 6 th narrowed following 25% YOY rental growth in Tokyo’s Ginza district. • While ranking changes have been limited, both Suria KLCC in Kuala Lumpur and Biblioteksgatan in Stockholm moved up two places to 19 th and 25 th , respectively. In contrast, Ilicia Street in Zagreb and Oscar Freire Jardin in São Paulo moved down two places to 37 th and 40 th , respectively.

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CUSHMAN & WAKEFIELD

MAIN STREETS ACROSS THE WORLD 2024