{"id":155781,"date":"2025-01-07T15:27:25","date_gmt":"2025-01-07T14:27:25","guid":{"rendered":"https:\/\/luxus-plus.com\/?p=155781"},"modified":"2025-01-07T15:27:25","modified_gmt":"2025-01-07T14:27:25","slug":"is-luxury-taking-over-the-champs-elysees","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/is-luxury-taking-over-the-champs-elysees\/","title":{"rendered":"Is luxury taking over the Champs-Elys\u00e9es ? "},"content":{"rendered":"

Since the early 2000s, the Champs-Elys\u00e9es has undergone a veritable metamorphosis. Traditional cinemas and boutiques are gradually giving way to luxury brands, which now occupy a quarter of the world’s most beautiful avenue.<\/h4>\n

<\/p>\n

 <\/p>\n

Until the 1950s, the Champs-Elys\u00e9es avenue<\/strong> was mainly occupied by luxury boutiques and perfumeries. Over time, however, these were replaced by the head offices of major companies, and then by more popular stores (such as the famous Virgin Megastore<\/strong> in the late 1980s), encouraged by easy access with the arrival of the RER A in 1977. Then, the exorbitant rise in rents got the better of the traditional retailers, who are closing their doors one by one: after the Gaumont Marignan<\/strong> cinemas in November 2023 and the UGC Normandie<\/strong> in June 2024, the FNAC<\/strong> also bowed out, on Friday January 3.<\/p>\n

 <\/p>\n

\"fnac
\u00a9<\/span> ABACA Press<\/figcaption><\/figure>\n

 <\/p>\n

Only the big luxury brands and international chains can afford such high rents : what was once a popular night out for Parisians now seems to be reserved for a luxury clientele.<\/p>\n

 <\/p>\n

The fifth most expensive avenue in the world<\/h2>\n

 <\/p>\n

The figures speak for themselves : in twenty years, rents have doubled, now reaching 20,000 euros per m\u00b2<\/strong>, so much so that the Avenue des Champs-\u00c9lys\u00e9es remains one of the most expensive locations in the world. In 2024, the avenue ranks fifth in terms of highest rental value in the world, behind first place Via Montenapoleone <\/strong>in Milan, <\/strong>followed by New York’s Fifth Avenue, New Bond Street <\/strong>in London <\/strong>and Tsim Sha Tsui <\/strong>in Hong Kong<\/strong>.<\/p>\n

<\/h2>\n

<\/span><\/p>\n

<\/span><\/p>\n

\t\t

\n\t\t\t
\n\t\t\t\t\t
\n\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tTo continue reading this article, subscribe or log in to your account<\/b><\/a>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t\t
\n\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\r\n
\r\n\r\n\r\n
\r\n\r\n

Discover our plans<\/p> \r\n<\/div>\r\n\r\n\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t