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The economic market has always had its ups and downs. However, despite crises, especially in recent years at the global level, stores and shopping malls have been able to flex their expansion strategies.
It seems that demand is leading more than the supply of products, despite the countries’ macroeconomic conditions, especially after the pandemic, which has caused a downturn in the economy. However, trade has always been performed through consumption.
The world’s most expensive avenues are lined with elegant window displays, garments from well-known brands, and haute couture. But new firms have also reinvented themselves, as has happened in the real estate sector. All with elitist and exquisite decorations, which are worth visiting. Below, we will mention some of them.
The most expensive avenues in the Americas
Specifically in the United States, Fifth Avenue in New York represents the economic bonanza of this city, which crosses Manhattan on the west side of Central Park, from north to south. It also divides its streets into east and west. This road has many exclusive firms, both fashionable and at the level of its buildings; the most relevant in the whole area and expensive.
They are located between the 49th and 60th streets of the city. But if we want to know about other vital buildings besides fashion, we have the so-called Museum Mile, between 70th and 110th streets in the Upper East Side or UES. Among them are located the Museum of the City of New York, the African Museum, the Museo del Barrio, the Jewish Museum, the Guggenheim, and the Met, among others.
There are also other tourist attractions, such as the Empire State Building at 350th Street, the New York City Public Library at the intersection with 42nd Street, St. Patrick’s Cathedral between 51st Street and 50th Street, Rockefeller Center between 50th Street and 49th Street, the Flatiron Building at 175th Street, among others.
The Rodeo Drive in Los Angeles, California, with a length of about 2 miles; it starts in Beverly Hills and goes to Los Angeles. In 1967 Fred Hayman, the father of Rodeo Drive, opened the first luxury boutique store.
Then, by 1968 Aldo Gucci did the same, then in 1969, Van Cleef & Arpels, and so on; so it became the most famous shopping street for the rich, thanks to a good publicity campaign initiated by the Rodeo Drive Committee.
The most expensive store is the House of Bijan, a men’s clothing store, where a reservation is required for shopping. Likewise, all these streets and restaurants are famous because the most influential celebrities in Hollywood frequent them.
The most expensive avenues on the European Continent
In Madrid, La Calle de Serrano; owes its name to the politician and military José Francisco Serrano. This street, located in the Salamanca neighborhood, had its beginnings in the nineteenth century, thanks to the initiative of the investor José de Salamanca y Mayol; with an extension that begins at the Plaza de la Independencia at the Puerta de Alcalá and ends at the Plaza de la República del Ecuador.
It is one of the most expensive, luxurious, and exclusive streets of the Iberian Peninsula, besides the center of the streets that make up the Golden Mile. In this street, we can find the Lázaro Galdiano Museum, the National Archaeological Museum, and the United States Embassy, among others.
In Paris, the Avenue des Champs Elysees is an extension of wide sidewalks, which covers about 2 km in length and is occupied by luxurious haute couture stores, such as Christian Dior, very exclusive jewelry stores, car brands, cafes, and restaurants. Reaching to be paid more than 11,000 euros for the rent of a local.
It is a little-known street but the 2nd most expensive on the planet. In addition to the haute couture stores, it is surrounded by gardens and buildings such as the Grand Palais, dating from the nineteenth century, used for some fairs.
Also, the Lasserre restaurant, with its transatlantic type decoration of the ’30s. Likewise, the city’s art can be seen in the Petit Palais, both the oldest and the most modern, the Rond-Point Theater, and the gardens of the Champs Elysees, among others.
We continue now to Rome, Italy, with the Via Condotti; during Roman times, this street allowed the passage of people who had to cross the Tiber to reach the famous Pincio hill. Today it is a busy and prestigious street in Italy, where fashion designers place their beautiful clothes.
You can see the stores of Bulgari, Cartier, Gucci, Armani, Louis Vuitton, Chanel, Hermés, Dolce & Gabbana, and others. In addition to contemplating the Spanish Steps, the Church of Trinità dei Monti, the Barcaccia fountain, etc.
In Zurich, Switzerland, the Bahnhofstrasse, also called the station’s street, begins at Lake Zurich to reach the downtown station. It is considered the most famous main and commercial Avenue of the city, with many stores of recognized brands, such as Cartier, Burberry, and Rolex.
In addition to restaurants, toy stores, bookstores, perfumeries, coffee shops, watch shops, fashion showcases, and much more. But it is also an avenue that invites you to stroll, either on foot or on tour, and you could stop at one of these pastry shops and taste some specialty or stroll taking a streetcar.
The most expensive avenues on the Asian continent
The Ginza shopping area in Tokyo: is not a simple street, and it is located in one of the districts of the Chuo neighborhood in Tokyo, the capital of Japan. It was formerly a marshy area, but later it began to be populated until in 1612, the mint was built; hence the name Ginza, whose meaning is the place of silver.
Later this urbanization was destroyed in 1872 by a great fire. Since then, several reconstructions have been carried out, including more extensive and more significant buildings, to the point where it is compared to 5th Avenue in New York; for the elitist, fashion, and diversity of restaurants in the area.
In the 20th century, it began to concentrate different western influences on global brands, such as Sony and the Apple Store. Ginza is full of refined bars, luxury boutiques, and fine jewelry. It is located in the ultra-modern area called Ginza Place, high-tech electronics.
Chuo Dori Street on weekends is used as a promenade for pedestrians and enjoying the 19th-century Kabukiza theater, with its traditional Japanese and dance performances.
In Hong Kong, China, Causeway Bay is another district with the most expensive streets, with its luxury stores and Led screens showing advertisements; also the Times Square of Hong Kong. It is said that the prices in Causeway Bay stores are the second most expensive on the planet, after New York’s 5th Avenue.
Compared to its Asian companion Ginza, they are twice as expensive, being in 3rd place. Towards the East District is located the Royal Hong Kong Yacht Club, Victoria Park, and Noonday Gun Gardens. Towards the west end are the Central Library, Queen’s College, shopping centers, and luxury boutiques.
