Khan Market in New Delhi has once again secured its position among the world’s most expensive retail destinations, ranking 24th in the 2025 edition of the “Main Streets Across the World” report released by Cushman & Wakefield. Although it slipped one spot from last year’s ranking, it continues to remain India’s costliest high street, showcasing its strong demand and premium retail value.
The report highlights that retail rents in Khan Market increased by around 3% year-on-year, reaching approximately USD 223 per square foot annually. This steady rise reflects the consistent interest of both international and domestic brands in securing space in the market. The combination of limited supply, high visibility, strong footfall and a well-established brand mix keeps rental values elevated and makes the market one of the most attractive retail locations in the country.
Globally, retail markets showed significant recovery during the year. London’s New Bond Street reclaimed the top position as the world’s most expensive retail street, supported by strong rental growth. Other luxury retail destinations, including Via Montenapoleone in Milan and Upper Fifth Avenue in New York, also recorded notable rent increases as consumer spending strengthened and tourism improved across major global cities. According to the report, 58% of the tracked high streets worldwide witnessed positive rental growth, indicating broad-based momentum in the global retail real estate sector.
India performed better than several regions in the Asia-Pacific market, with an average rental growth of around 6% across 16 major high streets, surpassing the softer growth trends seen in the broader region. Strong consumer sentiment, expanding retail brands and a growing preference for high-street shopping contributed to this performance. As India’s retail landscape continues to evolve, markets like Khan Market are expected to remain central to brand expansion strategies due to their premium positioning and limited availability of comparable retail spaces.
Khan Market’s latest ranking reiterates its significance in both the Indian and global retail landscape. The sustained demand, rising rental values and strong market fundamentals indicate that prime high-street destinations in India will continue to attract retailers and investors in the coming years.
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