Russell Street in Hong Kong’s shopping district of Causeway Bay on June 14, 2015. The street has been the world’s most expensive retail strip, surpassing New York’s Fifth Avenue and the Champs-Elysees in Paris in rent. Photo: SCMPRussell Street in Hong Kong’s shopping district of Causeway Bay on June 14, 2015. The street has been the world’s most expensive retail strip, surpassing New York’s Fifth Avenue and the Champs-Elysees in Paris in rent. Photo: SCMP
Russell Street in Hong Kong’s shopping district of Causeway Bay on June 14, 2015. The street has been the world’s most expensive retail strip, surpassing New York’s Fifth Avenue and the Champs-Elysees in Paris in rent. Photo: SCMP

With Prada out, can Hong Kong’s Russell Street outshine Fifth Avenue or Champs-Élysées as the world’s costliest retail strip?

  • Early Light Group, the landlord of Plaza 2000, is willing to cut rent by 44 per cent for the next tenant
  • Market observers expect overall rents in Russell Street to fall by up to 30 per cent as social unrest has dampened the overall spending mood, particularly for luxury goods

Topic |   Retail properties
Russell Street in Hong Kong’s shopping district of Causeway Bay on June 14, 2015. The street has been the world’s most expensive retail strip, surpassing New York’s Fifth Avenue and the Champs-Elysees in Paris in rent. Photo: SCMPRussell Street in Hong Kong’s shopping district of Causeway Bay on June 14, 2015. The street has been the world’s most expensive retail strip, surpassing New York’s Fifth Avenue and the Champs-Elysees in Paris in rent. Photo: SCMP
Russell Street in Hong Kong’s shopping district of Causeway Bay on June 14, 2015. The street has been the world’s most expensive retail strip, surpassing New York’s Fifth Avenue and the Champs-Elysees in Paris in rent. Photo: SCMP
READ FULL ARTICLE
Close
We need your support

Advertising helps us continue to provide quality content. Help support us by disabling your adblocker on our site.

How to whitelist us:
  1. 1
    Click on the AdBlock icon at the top right corner of your browser.
    For iOS, go to Settings/Safari/Content Blockers and turn it off.

    For Android, go to your Ad blocker app/Settings and turn it off.
  2. 2
    Click Enabled on this site until the text reads Disabled on this site.
  3. 2
    Click the cross icon on the top right corner to close this window and refresh the page.
  4. 3
    Click the cross icon on the top right corner to close this window and refresh the page.