Bond Street world's most expensive spot for retail

LONDON'S New Bond Street has been crowned the world's most expensive retail destination for the first time as investor confidence returns to high-end retail.

- AMBER MURRAY

New Bond Street in London

(BEN MONTGOMERY)

Rents on New Bond Street have risen 22% in the past year, helping it to leapfrog over Milan's Via Montenapoleone and New York's iconic Upper Fifth Avenue.

Duncan Gillard, head of central London Retail at Cushman & Wakefield, said New Bond Street's rise has been driven by “strong demand, limited supply and continued investment in the public realm”.