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LONDON-In the measure of the world’s 10 most expensive shopping avenues, an upset has been staged in Europe, with New Bond Street now topping Paris’ famed Avenue des Champs-Elysees, according to Cushman & Wakefield’s Main Streets Across the World recent report. Fifth Avenue in New York City still tops the list, at $1,850 per square foot.

The Cushman & Wakefield report tracks rents in 269 shopping locations across 59 countries. Company researchers said this year has shown positive rental growth, with prime rents either rising or remaining static from July 2009 to June 2010, in contrast to the prior year that had the biggest global fall in rents in 25 years.

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