New Bond Street Named World’s Most Expensive Retail Destination

• Content
• News
• New Bond Street Named World’s Most Expensive Retail Destination

20 November 2025

For the first time, London’s New Bond Street has been named the most expensive retail destination, knocking Milan’s Via Montenapoleone off the top spot.

The global index is based on proprietary data on rental growth from Cushman & Wakefield, focusing on headline rents in 141 urban locations across the world.

Rents on London’s New Bond Street have risen by 22 per cent in the past year to $2,231 (approx £1,706.78) per square foot per year.  

London led the resurgence in rents in Europe, with New Bond Street, Oxford Street, and Regent Street all recording a double-digit increase. 

“New Bond Street’s rental growth has been fuelled by strong demand, limited supply, and continued investment in the public realm, all of which have reinforced its status as a global retail destination,” said Duncan Gillard, Head of Central London Retail at Cushman & Wakefield. 

“The prime jewellery section between Clifford Street and Burlington Gardens in particular has become one of the most fiercely contested locations in global retail. This has seen many occupiers opting for long-term leases on strong rental terms to protect their position in this highly coveted location.”  

Report author Dr Dominic Brown, Cushman & Wakefield’s Head of International Research, added: “Prime retail corridors are benefiting from a convergence of factors including resilient economic growth, easing cost of living pressures, and a renewed appetite for discretionary spending. While growth trajectories will vary by market, the strength of flagship locations is clear. We’ve seen exceptional double-digit rental growth in select cities, even as others face pressure. The continuing importance of physical retail, particularly for deep and meaningful brand engagement in places where consumers want to be, reinforces the enduring appeal of the world’s premier shopping streets and we expect this momentum to strengthen as global conditions improve.”  

Picture: a photograph of a street sign that says "New Bond Street W1, City of Westminster". Image Credit: Adobe Stock

Article written by Ella Tansley | Published 20 November 2025

Share

---

---

Related Articles

---