6 of 7
Chuo Street, Tokyo
Chuo Street, Tokyo
Hot spot: The intersection of Chuo and Marronnier.
Rent: $620 per square foot.
State of the market: Department stores once ruled luxury shopping here in the Ginza district, but Japanese tastes have shifted to individual stores, sending rents on Chuo skyward in the past five years. Leasing activity has slowed, but retailers are still seeking a big presence in a market that purchases 40% of the world's luxury goods. Louis Vuitton will soon have three stores in Ginza; Bulgari's new 62,000-square-foot tower houses its largest retail store.

NEXT: Bloor Street, Toronto
Last updated August 26 2008: 6:43 PM ET
Meet the sultans of style Fortune's second annual Luxury Portfolio features the moguls, merchants and master craftsmen who are defining the business of luxury. (more)
Mickey Drexler doubles down J.Crew's CEO says this is the worst retail environment he's seen in 40 years. His strategy? Launch a new, upscale brand called Madewell. (more)
Luxury market loses its luster The $270 billion luxury business thought it was recession-proof. But its growth is slowing, and anxiety is higher than a pair of Jimmy Choo pumps. (more)