Cushman & Wakefield plc has released its latest "Main Streets Across the World" report, revealing that London's New Bond Street has become the most expensive retail destination globally for the first time. Over the past year, rents on New Bond Street surged by 22% to $2,231 per square foot annually, surpassing Milan's Via Montenapoleone and New York's Upper Fifth Avenue. The report highlights that strong demand, limited supply, and significant investment have driven this growth, especially in the luxury sector. Despite broader economic uncertainties, prime retail corridors are demonstrating resilience, buoyed by easing inflation, improving consumer sentiment, and a rebound in international tourism. The analysis suggests that these iconic retail locations continue to outperform wider market trends, supported by ongoing consumer appetite and robust brand demand for high-profile spaces.