--- title: "Cushman & Wakefield: Tsim Sha Tsui remains the fourth most expensive shopping district in the world" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/266495685.md" description: "According to a report by Cushman & Wakefield, Tsim Sha Tsui in Hong Kong continues to rank as the fourth most expensive shopping location in the world and remains the top in the Asia-Pacific region. London's New Bond Street has become the most expensive retail location globally for the first time, with a rent of $2,231 per square foot per year, marking a 22% increase. Approximately 58% of retail locations worldwide recorded rent increases, reflecting strong market demand. The Americas saw the strongest rent growth at 7.9%. The report indicates that factors such as economic growth and easing living cost pressures support the development of prime retail locations" datetime: "2025-11-19T07:30:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/266495685.md) - [en](https://longbridge.com/en/news/266495685.md) - [zh-HK](https://longbridge.com/zh-HK/news/266495685.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/266495685.md) | [English](https://longbridge.com/en/news/266495685.md) # Cushman & Wakefield: Tsim Sha Tsui remains the fourth most expensive shopping district in the world According to the report by Cushman & Wakefield titled "Global Major Retail Streets," Tsim Sha Tsui in Hong Kong continues to hold the position of the fourth most expensive shopping location in the world, while remaining the most expensive retail location in the Asia-Pacific region; London's New Bond Street has topped the list of the world's most expensive retail locations for the first time with an annual rent of $2,231 per square foot, surpassing Milan's Via Montenapoleone and New York's Fifth Avenue; among the tracked retail districts, approximately 58% recorded rent increases, reflecting that the demand for retail space far exceeds supply. The report indicates that New Bond Street's rent increase is primarily driven by strong demand and limited supply, particularly the high-end jewelry area between Clifford Street and Burlington Gardens, which has become one of the most fiercely competitive locations in the global retail industry. Among the tracked retail locations, about 58% recorded rent increases, driving the global average rent to grow by 4.2% year-on-year. The Americas saw the strongest rent growth at 7.9%, mainly driven by currency effects in South America. Meanwhile, European rents rose steadily by 4% year-on-year, with Budapest and London performing particularly well. In contrast, rent growth in the Asia-Pacific region slowed to 2.1%, with strong performances from India and Japan, but economic challenges in Greater China and Southeast Asia offset some of the growth. Dominic Brown, Head of International Research at Cushman & Wakefield and author of the report, pointed out that prime retail locations are supported by multiple favorable factors, including steady economic growth, easing cost-of-living pressures, and consumers resuming discretionary spending. Although growth trajectories vary across regions, the strong performance of core shopping locations is particularly notable. Some cities even recorded double-digit significant growth, although certain districts still face rent pressures. The importance of physical retail continues to be significant, especially for stores that can meet consumer shopping experiences and brand interactions, highlighting the resilient appeal of the world's top shopping streets. It is believed that as the global economy gradually improves, the momentum for rent growth in retail districts will further strengthen. Rent growth in the Asia-Pacific region is expected to slow from 2.8% in 2024 to 2.1% in 2025; however, performance varies significantly across markets. India's first-tier cities lead the Asia-Pacific performance, with Galleria Market in Gurugram seeing a year-on-year rent increase of 25%, followed by Connaught Place in New Delhi and Kemp's Corner in Mumbai, which rose by 14% and 10%, respectively. Tokyo's Ginza and Omotesando also recorded strong growth of 10% and 13%, respectively, while Tsim Sha Tsui in Hong Kong saw a year-on-year rent decrease of about 6% to $1,515 per square foot. Additionally, Sydney's Pitt Street Mall recorded a moderate rent increase of 4% year-on-year, reaching $795 per square foot, resuming its upward trajectory after several years of stagnation Hong Kong continues to rank among the top globally, firmly holding the position of the fourth most expensive shopping district in the world and retaining its top spot in the Asia-Pacific region. Xiao Lianghui, Managing Director of Cushman & Wakefield Hong Kong, stated that this reflects the continuous increase in the number of visitors to Hong Kong, coupled with the government's active promotion of the tourism and events economy, leading to a gradual stabilization of tourist spending, which helps boost leasing activities for retail brands in core area street shops. In fact, since the reopening, the market has seen a series of leasing transactions for retail brands opening their first stores in Hong Kong, with most brands choosing to establish their first presence in the four major core districts. It is believed that in the short to medium term, in addition to domestic brands remaining active, the market will continue to see more leasing activities from retail brands in the Asia-Pacific region ## 相關資訊與研究 - [Shenzhen Xunce Technology Co., Ltd. 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