Bond Street Overtakes Hong Kong’s Tsim Sha Tsui as World’s Most Expensive Luxury Retail Street

London’s Bond Street replaced Hong Kong’s Tsim Sha Tsui as the world’s most expensive luxury retail property market, charging £19,228 per square metre per year as of the fourth quarter of 2025. The shift was detailed in the ninth edition of Savills’ Global Luxury Retail report, released on Monday, 11 May 2026.

Hong Kong’s Tsim Sha Tsui, which held the global top spot in 2024, now ranks second with annual rents of £16,160 per square metre and remains Asia’s priciest luxury retail strip.

Milan’s Via Monte Napoleone placed third at £16,000 per square metre. Bond Street’s rents rose from £15,333 per square metre per annum in 2024, when it ranked third behind Tsim Sha Tsui’s £17,132 and New York’s Madison Avenue’s £15,559. The latest figures reflect a broader slowdown after the strong rebound in 2024, when luxury rental growth eased sharply in 2025.

Marie Hickey, global retail research lead at Savills, said after the strong rebound in 2024, luxury rental growth slowed sharply in 2025, highlighting a more normalised and cautious market environment. Europe continued to outperform other regions in luxury rental growth in 2025, though the expansion remained highly concentrated.

French luxury fashion house Hermès is set to open a new four-storey flagship store on Bond Street next month.

Two Rolls-Royce cars were parked outside exclusive shops on the street in April, underscoring its status among high-end destinations. Hickey noted that sustained demand is colliding with persistent supply constraints on a limited number of prime streets, a trend that we expect will continue well into 2026. The rental figures are based on data as of the fourth quarter of 2025.