Our Mission

Learn who we are and how we serve our community

Leadership

Meet our leaders, trustees and team

Foundation

Developing the next generation of talent

C+CT

Covering the latest news and trends in the marketplaces industry

Industry Insights

Check out wide-ranging resources that educate and inspire

Government Relations & Public Policy

Learn about the governmental initiatives we support

Events

Connect with other professionals at a local, regional or national event

Virtual Series

Find webinars from industry experts on the latest topics and trends

Professional Development

Grow your skills online, in a class or at an event with expert guidance

Find Members

Access our Member Directory and connect with colleagues

ICSC Networking Platform

Get recommended matches for new business partners

Student Resources

Find tools to support your education and professional development

Become a Member

Learn about how to join ICSC and the benefits of membership

Renew Membership

Stay connected with ICSC and continue to receive membership benefits

C+CT

The world’s nine most-expensive retail streets

November 16, 2018

​Hong Kong’s Causeway Bay has replaced New York City’s Upper 5th Avenue as the world’s most-expensive retail street, according to Cushman & Wakefield. The firm's annual Main Streets Across The World report tracks 446 of the top retail streets around the globe and ranks the most expensive in 65 countries by prime rental value. Here's how the 2018 ranking shook out.

1. Causeway Bay, Hong Kong

Victoria's Secret recently opened a flagship on Causeway Bay

Retail space on Hong Kong's Causeway Bay averages $2,671 per square foot per year.

2. Upper Fifth Avenue, New York City

Between 49th and 60th streets, the average rent for retail space on New York City's Fifth Avenue is $2,250 per square foot per year.

3. New Bond Street, London, U.K.

On London's New Bond Street, retail space averages $1,744 per square foot per year.

4. Avenue des Champs Elysees, Paris

On Paris' famed Avenue des Champs Elysees, retail space averages $1,519 per square foot per year.

5. Via Montenapoleone, Milan

$1,466 per square foot is the average price per year to lease retail space on Milan's Via Montenapoleone.

6. Ginza, Tokyo

On Tokyo's Ginza, the average price for retail space is $1,219 per square foot per year.

7. Pitt Street Mall, Sydney, Australia

Retail space on Pitt Street Mall, in Sydney, Australia, averages $964 per square foot

8. Myeong-dong, Seoul

On Seoul's Myeong-dong shopping street, the average retail proce per square foot per year is $908.

9. Bahnhofstrasse, Zurich, Switzerland

In Zurich, Switzerland, the price of retail space on Bahnhofstrasse averages $854 per square foot per year.

By Brannon Boswell

Executive Editor, Commerce + Communities Today