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New York reclaims title for most global luxury retail openings

City tops Savills’ list for first time since 2019
Fifth Avenue and Madison Avenue fueled New York's return as top global spot for luxury store openings. (Andria Cheng/CoStar)
Fifth Avenue and Madison Avenue fueled New York's return as top global spot for luxury store openings. (Andria Cheng/CoStar)
CoStar News
May 18, 2026 | 10:25 P.M.

New York, home to the highest concentration of ultra-high-net-worth individuals globally, has regained its position as the world’s top market for luxury retail openings, according to a Savills study.

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