Hong Kong's Tsim Sha Tsui has the highest luxury retail rents in Asia, but Bond Street is the most expensive in the world.

Hong Kong’s Tsim Sha Tsui has maintained its position as Asia’s most expensive luxury retail area, with annual rents of £16,160 (US$22,000) per square metre, as the city remains one of the world's most active markets for new high-end store openings, according to Savills. London's Bond Street surpassed Tsim Sha Tsui to become the top global luxury retail property market, with rents of £19,228 per square metre per year, according to the ninth edition of the UK-based property consultancy's Global Luxury Retail report released on Monday. Milan's Via Monte Napoleone ranked third, with annual rents of £16,000 per square metre. The latest rental figures are based on data from the fourth quarter of 2025. Based on 2024 data, Bond Street – the premier shopping district in the British capital, where the French luxury fashion house Hermes is scheduled to open a new four-story flagship store next month – typically charged £15,333 per square metre per year, placing it third among core luxury shopping destinations worldwide. It ranked behind Tsim Sha Tsui's £17,132 and New York's Madison Avenue's £15,559. Two Rolls-Royce cars are parked outside exclusive shops on Bond Street in London in April. Photo: Getty Images. "Following the strong rebound in 2024, luxury rental growth slowed sharply in 2025, highlighting a more normalized and cautious market environment," said Marie Hickey, global retail research lead at Savills. "Europe continued to outperform other regions, but growth has been highly concentrated, with sustained demand colliding with persistent supply constraints on a limited number of prime streets, a trend that we expect will continue well into 2026."