Bond Street has been named the most expensive retail destination in Europe for 2025 and the third most expensive globally, following Hong Kong and New York. This comes amidst London’s recognition as one of the wealthiest cities, housing over 215,700 millionaires. Rental prices in Bond Street surged by 20% last year, reaching £13,162 per square meter, surpassing Milan's prestigious shopping street. Luxury brands like Chanel and Louis Vuitton are competing fiercely for this prime retail space, adapting strategies to target affluent domestic markets more closely.
Bond Street's high rental prices reflect London’s status as a prime luxury market, where brands vie for presence amid a backdrop of wealth and spending power.
Despite high costs, luxury brands assert that the key to success lies in connecting closely with affluent consumers, adapting to evolving shopping trends post-pandemic.
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