Avenue des Champs Élysées, Paris ($21,896 AUD)
In fourth place, overtaking Via Montenapoleone – Milan this year, is Avenue des Champs Élysées in Paris. Often described as the “world’s most beautiful avenue,” international tourists flock to the area – and the retailers are only too willing to cater to them. From high-end, luxury brands to affordable labels and foodie delights, there really is something for everyone in this prestigious location. Attracting A$21,896 in rent per sqm, this historic avenue runs from Place de la Concorde to the famous Arc de Triomphe.