London’s Bond Street has world’s third-highest business rents

Shopping thoroughfare overtakes Champs Élysées in Paris in ranking as tourism boom from weak pound boosts luxury sector

The tourism boom prompted by the weakness of sterling since the Brexit vote has helped propel Bond Street in London into the top three of the world’s most expensive store locations.

The shopping thoroughfare overtook the Champs Élysées in Paris in the global ranking compiled by the property company Cushman & Wakefield. New York’s Upper Fifth Avenue retained its number one spot, followed by Causeway Bay in Hong Kong, with Via Montenapoleone in Milan fourth, ahead of the French boulevard.

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