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