Ukrainian shopping streets are not included in the new global ranking of the world’s major commercial locations, Main Streets Across the World 2025, prepared by the international consulting company Cushman & Wakefield, despite the inclusion of 141 streets from nearly 50 countries. Kyiv and other Ukrainian cities are absent from the list.
According to the study, the most expensive shopping street in the world in 2025 will be New Bond Street in London, where the annual rental rate for shops has increased by 22% to €20,482 per square meter. Last year’s leader, Via Montenapoleone in Milan (€20,000), fell to second place, while Upper Fifth Avenue in New York (€18,360) took third place.
The top ten also includes:
4. Tsim Sha Tsui – Canton Road, Hong Kong (€13,900)
5. Champs-Élysées, Paris (€12,520)
6. Ginza, Tokyo (€11,540)
7. Bahnhofstrasse, Zurich (€9,640)
8. Pitt Street Mall, Sydney (€7,300)
9. Myeongdong – Myeongdong-gil, Seoul (€6,000)
10. Kohlmarkt, Vienna (€5,500)
Rental rates rose on 58% of the streets included in the ranking, with Europe showing an average increase of +4%, America +8%, and Asia-Pacific +2%. The largest increase in rental costs was observed on Oscar Freire in São Paulo (+65%) and Fashion Street in Budapest (+33%), while the most significant decline was on Oak Street in Chicago (-14%).
There are no Ukrainian streets in the current ranking, although in previous years (until 2022), Khreshchatyk appeared in some editions of the Cushman & Wakefield study as the main high street location in Kyiv. Experts explain Ukraine’s absence from the current report by a combination of factors: Russia’s military aggression, a decline in investment and transactions in the market, and limited availability of comparable data for international consulting systems.
At the same time, representatives of the Ukrainian retail real estate market note that international brands began to gradually return to Kyiv as early as 2024–2025, and as transparency increases and demand stabilizes, Ukrainian shopping streets may reappear in global rankings in the coming years.
