A Guide To The Fourth Most Expensive Shopping Street In The World

Previous PostHaute 100: Elon Musk's SpaceX to Carry Out First NASA Mission
Next Post7 Delicious Ways to Celebrate Thanksgiving in SF

shutterstock_182519342

 

Want to know where all the hautest Londoners get their designer-brand goods? It’s most likely at the fourth most expensive shopping street in the world; London’s Bond Street.

Thanks to local and global elite spenders churning out pounds for purses, New Bond Street has officially joined the ranks as one of the world’s top five most expensive shopping streets. This West End hotspot has money’s most prized brands from Armani to Mulberry and Burberry. It is no wonder shoppers are spending so much here.

According to Cushman & Wakefield’s latest Main Streets Across the World report, to rent a retail space on New Bond Street you’d now have to spend a staggering £862.92 per square foot. This price point falls just behind Paris’ Champs Elysees. Topping the list are New York’s upper 5th Avenue and Causeway Bay in Hong Kong.

“Demand has continued to outstrip supply, with an ever growing requirement from international brands from the US, Europe, Asia and the Middle East, with retailers such as Arc’teryx recently taking space in Piccadilly, Kikki-K in Covent Garden and New Balance on Oxford Street…

London’s healthy rental performance was supported by various factors: the character of London’s high street destinations, which offer a wide range of services for various types of clientele; generally high consumer expenditures; and strong competition for space among retailers,” Cushman & Wakefield said.

London’s retail economy has benefited immensely from a recent rise in tourism. This year the global capital was the world’s most visited city. 18.82 million people passed through London, which played to a heightened demand in retail space for global brands.

Within the UK Oxford Street and Covent Garden came second and third to the popular Bond Street. With a continuously rising tourism rate and an undeniable global shopping scene, we might even see two UK streets on the list next year.

Aside from all the haute shopping, here are all the spots around Bond Street you’d better check out as curated by BondStreet.Co.Uk.

For Food + Drink:

AFTERNOON TEA AT THE RITZ
150 PICCADILLY
020 7300 2345 · WWW.THERITZLONDON.COM

HAKKASAN
17 BRUTON STREET
020 7907 1888 · WWW.HAKKASAN.COM

PESCATORI ITALIAN AND SEAFOOD RESTAURANT
11 DOVER STREET
020 7493 2652 · WWW.PESCATORI.CO.UK

THE OSCAR WILDE BAR
THE HOTEL CAFÉ ROYAL
020 7406 3310 · WWW.HOTELCAFEROYAL.COM

To Stay:

HAYMARKET HOTEL
SUFFOLK PLACE
020 7470 4000 · WWW.FIRMDALEHOTELS.COM

THE LANGHAM LONDON
1 PORTLAND PLACE
020 7636 1000 · WWW.LANGHAMHOTELS.COM

NADLER SOHO HOTEL
10 CARLISLE STREET
020 3697 3697 · WWW.THENADLER.COM/SOHO

To See:

ROYAL ACADEMY OF ARTS
BURLINGTON HOUSE
020 7300 8000 · WWW.ROYALACADEMY.ORG.UK

HALCYON GALLERY
144 – 146 NEW BOND STREET
020 7100 7144 · WWW.HALCYONGALLERY.COM

ALBEMARLE GALLERY
49 ALBEMARLE STREET
020 7499 1616 · WWW.ALBEMARLEGALLERY.COM

connect with haute living National
Loader