According to the results of a survey by Colliers International which looks at rentals worldwide, they found the London’s Bond Street which is famous for jewellery retailers has come in at number 7 as one of the world’s most expensive rental areas.
Bond Street is home to some of the most prestigious jewellers in the world who sell the finest precious metals and gems for the consumer so the results come as no surprise, which is great news for landlords.
It also found that New York’s Fifth Avenue maintained its number one position in the world with a 15.5 percent increase in rents to £1,494 per square foot.
Rentals on Bond Street have increased massively to around 16.5 per cent to £600 per square foot and is home to such names as De Beers and Tiffany & Co.
The Champs Elysees in Paris, which is home to luxury brands including Cartier, Louis Vuitton and Dior, Moved one place to third, behind Russell Street in Hong Kong, which moved up one place in this year’s list with the second most expensive rents in the world.
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