Fifth Avenue has retained its position as the world’s most expensive shopping street, while retail rents are rising on the ritziest streets around the globe despite fragile economies.

According to its just-released “Main Streets Across the World” report, Cushman & Wakefield found that rents rose 21.6 percent over the last year to $2,250 per square foot on the priciest parts of Fifth Avenue, between 49th and 57th Streets.

This is the 10th straight year that Fifth Avenue has retained the top spot.

Hong Kong’s Causeway Bay stayed in second place with rents up 16.7 percent to $1,943 a foot, while Tokyo’s Ginza area remained at No. 3 with rents rising 8.7 percent to $1,044 per foot.

In a big surprise, Sydney, Australia’s, Pitt Street Mall jumped to fourth place from ninth after renovations pushed its rents up 33.3 percent to $995 per foot, slamming New Bond Street in London down to sixth place with rents of $930 per foot, up 4.3 percent.

The Avenue des Champs-Élysées in Paris retained its fifth position and the most expensive in Europe with rents up 5.3 percent to $995 per foot.

Rounding out the top 10 are Milan’s Via Montenapoleone (No. 7), Zurich’s Bahnhofstrasse (No. 8), Seoul’s Myeongdong (No. 9) and Munich’s Kaufingerstrasse (No. 10).