APAC
APAC Ranking 2025
APAC Ranking 2024
Market
City
Location
Rent (USD/sf/yr)
Rent (EUR/sqm/yr)
YOY (LCY)
1
1
Greater China Greater China
Hong Kong Hong Kong
Tsim Sha Tsui (main street shops) Causeway Bay (main street shops)
$1,515
€13,907 €12,610 €11,538
-6% -4% 10% 13% 14%
2 3 4
2 3 4
$1,374 $1,257 $1,028
Japan Japan Japan
Tokyo Tokyo Osaka Sydney
Ginza
Ometesando
€9,441
5
5
Midosuji
$914
€8,392 €7,294 €6,669 €6,294 €5,997 €5,302 €4,750 €4,389 €3,886 €3,742 €3,382
6
6
Australia
Pitt Street Mall
$795 $726 $686 $653
4%
7
7
Greater China
Hong Kong
Central (main street shops)
1%
8
8
Japan
Tokyo Seoul Seoul
Shinjuku
0%
9
9
South Korea South Korea
Myeongdong
1%
10
10
Gangnam Station
$578
4%
11
11
Chinese mainland
Shanghai
West Nanjing Road
$517
1%
12 13 14 15 16
12 13 13 15 16
Singapore
Singapore
Orchard Road
$478 $423 $408 $368 $346 $336
2% 2%
Chinese mainland Chinese mainland Chinese mainland
Shanghai
East Nanjing Road
Beijing
CBD
-2%
Nanjing
Xinjiekou
1%
Vietnam
HCMC
Dong Khoi (main street shops)
€3,172
-6%
17
17
Australia
Melbourne
Bourke Street
€3,086 €2,865 €2,787 €2,720 €2,570 €2,490 €2,087 €2,047
0%
18 19
18 19
Vietnam
Hanoi
Trang Tien & Hang Khay (main street shops)
$312
-7% -3%
Chinese mainland Chinese mainland
Hangzhou
Wulin
$304 $296 $280
20
20
Chengdu
Central Business District
-1%
21
22
Malaysia
Kuala Lumpur
Suria KLCC
3%
22 23 24 25 26 26 28 29
21
Chinese mainland Chinese mainland
Chongqing Guangzhou
Guanyinqiao
$271
-1% 2% 3% 0% 14% 25%
24 23 25 30
Tianhe Sports Centre
$227 $223 $202 $169 $169 $157 $156
India
New Delhi
Khan Market
Australia
Brisbane
Queen Street Mall
€1,851
India India
New Delhi
Connaught
€1,550 €1,550 €1,439 €1,436
31
Gurgaon
Galleria market
26
Chinese mainland Chinese mainland
Shenzhen
Luohu
-5%
27
Qingdao
0%
Source: Cushman & Wakefield
20
CUSHMAN & WAKEFIELD
MAIN STREETS ACROSS THE WORLD 2025
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