Tsim Sha Tsui Ranked the World’s Fourth Most Expensive Shopping Street
- Hong Kong's Tsim Sha Tsui maintains a high global ranking position as the world's 4th most expensive retail street; the area continued to top the APAC ranking as region's the most expensive retail destination
- Via Montenapoleone becomes the first European shopping street to top the rankings, overtaking New York's Upper 5th Avenue
- Rents increased in 79 of the 138 locations tracked, declining in just 19, with global average rental increase of 4.4%
HONG KONG SAR - Media OutReach Newswire - 21 November 2024 - Milan's Via Montenapoleone, where rents have risen by nearly a third in the past two years, has overtaken New York's Upper 5th Avenue to be crowned the world's most expensive retail destination, according to Cushman & Wakefield (NYSE: CWK).