×
47 085
Fashion Jobs
OLD NAVY
General Manager - Jordan Landing
Permanent · West Jordan
OLD NAVY
Loss Prevention Agent, Multi-Unit - Outlet of Bluegrass
Permanent · Louisville
OLD NAVY
Loss Prevention Agent, Multi-Unit - Outlet of Bluegrass
Permanent · Simpsonville
OLD NAVY
Loss Prevention Agent, Multi-Unit - Outlet of Bluegrass
Permanent · Lexington
NORDSTROM INC
Asset Protection Agent Beverly Connection Rack
Permanent · Los Angeles
NORDSTROM INC
Asset Protection Agent Fig at 7th Rack
Permanent · Los Angeles
NORDSTROM INC
Loss Prevention Security Ambassador International Plaza
Permanent · Tampa
NORDSTROM INC
Asset Protection Agent Valencia Promenade Rack
Permanent · Santa Clarita
NORDSTROM
Asset Protection - Agent - Chicago Rosemont Fashion Outlets Rack
Permanent · Rosemont
NORDSTROM INC
Asset Protection Agent Grove at Farmer's Market
Permanent · Los Angeles
NORDSTROM
Security Ambassador - Houston Galleria
Permanent · Houston
NORDSTROM
Asset Protection - Agent - Village Square Rack
Permanent · Northbrook
NORDSTROM
Asset Protection - Agent - Harlem Irving Plaza Rack
Permanent · Norridge
NORDSTROM
Asset Protection - Agent - Kildeer Village Square Rack
Permanent · Kildeer
NORDSTROM
Asset Protection - Agent - Woodfield Rack
Permanent · Schaumburg
TJ MAXX
District Manager - Boston, ma
Permanent · Boston
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Laurel
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Gaithersburg
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Worcester
KOHLS
Full-Time Loss Prevention Officer
Permanent · South Bend
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Terre Haute
COTY
Assistant Brand Manager
Permanent · New York
Published
Nov 15, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

London's Bond Street rents are third highest globally

Published
Nov 15, 2017

Bond Street in London is now one of the top three most expensive store locations globally after overtaking the Champs Elysées in Paris.


Bond Street now has more luxury brands than ever - Archiv



Property firm Cushman & Wakefield released the new list this week and said that Upper Fifth Avenue in New York stays top ($3,000 per square foot) with Hong Kong’s Causeway Bay next ($2,725). After Bond Street ($1,720) is Milan’s Via Montenapoleone, with the Champs Elysées now in fifth place.

Bond Street rents raced ahead by almost 40% in the year to June as demand stayed strong despite fears over Brexit. In fact, the Brexit effect could have been partly responsible for the rise with a tourist surge as international visitors took advantage of the weak pound after the Brexit vote.

Report author Darren Yates of Cushman & Wakefield’s Darren Yates said: “London’s major thoroughfares are some of the most desirable and expensive streets in the world. Although there was a pause in activity in London in the initial aftermath of the EU referendum, the start of 2017 brought a resurgence in leasing deals.”

There had been fears this summer that some luxury brands would quite the area as it had become so expensive with Colliers International telling The Guardian that a number of Bond Street leases were being “quietly marketed”. Dolce & Gabbana, Hugo Boss, De Beers and DKNY were among the big names said to be looking at a move.

But Yates said he hasn’t seen any signs of big brands wanting to move, although he added that with the property market slowing, they’re probably less likely now to want to hand over million of pounds to encourage an existing tenant to move as they have done in the past.

A new report from Savills earlier this year showed that Bond Street is evolving into a home for ultra-luxury brands with fewer affordable luxury or premium labels occupying stores there.

Super-luxury retailers now occupy 73.9% of its retail space, up from 62.8% over the last five years, and following the launch of the report, Savills said it would see a further 12 new stores by year-end, a high number and on a level with the peak reached in 2012. The newcomers include several ultra-luxury names (Alaïa, Delvaux and Officine Panerai).

Copyright © 2021 FashionNetwork.com All rights reserved.