New drivers for the most expensive high streets: technology, food and … less retail

Causeway Bay replaced Fifth Avenue in New York in the top 10 most expensive retail streets in the world, according to the Cushman & Wakefield 2018 report. In the future, retail will likely form a smaller part of the overall tenant mixture, as restaurants or health and beauty facilities become more significant for many retail locations.

“There is still a significant appetite for premium retail sites globally, with the top retailers using stores as part of their customer experience strategy,” said Darren Yates,…