A stronger U.S. dollar, the shift to online sales and a slowdown in spending by the affluent are no match for America's high-end shopping districts.
Despite this slew of negative macroeconomic trends, a new report by Cushman & Wakefield found that retail rents across the U.S. rose 6.9 percent for the year ended June.
These price increases helped one stretch of New York City solidify its ranking as the world's most expensive shopping street, as an economic slowdown and fewer visitors to Hong Kong caused rents in that city's high-end districts to taper.
Even with that decline, however, Hong Kong remained home to four of the world's top 10 most expensive shopping streets. In all, Cushman & Wakefield said rents rose in 35 percent of the world's streets over the past year.
For a complete list of the world's priciest streets for retailers, as determined by Cushman & Wakefield, click ahead.
(Rents listed are in U.S. dollars and are on a square foot/year basis.)
— By Krystina Gustafson
Posted 26 Nov. 2015