69 Louis Vuitton bags: What retailers should sell to cover rent on the most expensive streets

New York City's Upper Fifth Avenue has managed to hold onto its title as the world's most expensive shopping street, with rents on Fifth Avenue from 49th to 60th street commanding 3,500 dollars (2,303 pounds) per square foot annually. Hong Kong's Causeway Bay, the Avenue des Champs-Élysées in Paris and London's New Bond street held on to their respective rankings as well, requiring 2,399 dollars (1,574 pounds), 1,372 dollars (900 pounds) and 1,321 dollars (868 pounds) per square foot annually respectively according to Cushman & Wakefield's annual 'Main Streets Across the World.' With retail rent pricing increasing 35 percent for shopping streets across the globe, a rental bump is no expectation for the world's more expensive shopping streets. Although some streets in Asia saw a drop in rental price due to a slowdown in China, rental prices in Europe continued to rise, with overall rental prices growing.