For the first time, the London thoroughfare has taken the top spot in the ranking of the world’s most expensive shopping streets. It has thus relegated Via Montenapoleone (Milan) to second place and New York’s Fifth Avenue to third place. Overall, European streets are doing well.
New Bond Street is the new star of the global luxury market.
In the latest and 35th edition of the report by real estate consulting firm Cushman & Wakefield, entitled “Main Streets Across the World,” the famous London street has just taken the top spot from Milan’s Via Montenapoleone, which was the 2024 “winner.” This global ranking establishes a hierarchy of average rents for the 140 most prestigious shopping streets in the world, generally chosen by luxury brands for their locations.
And in 2025, it is New Bond Street that stands out with a jump in rents (+22% to $2,231 per square foot per year), putting it ahead of Via Montenapoleone, which remained stable at $2,179.
Europe takes the top three spots
Long the number one in the rankings and already relegated to second place last year, New York’s Fifth Avenue has fallen another notch to third place. The average rent ($2,000 per square foot) has not changed since 2024.
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Read also > Via Montenapoleone has the highest rents in the world
Featured photo: © Cushman & Wakefield
