Bond Street was first laid out in 1680. At that time, only the section known as Old Bond Street existed. In 1720, the street layout was completed with a further section that is now New Bond Street. Nowadays, Old Bond Street runs between Burlington Gardens and Piccadilly, while New Bond Street is the northern section that connects with Oxford Street.
Bond Street was named after its developer, Sir Thomas Bond. In the late seventeenth century, the area that is now known as Old Bond Street was occupied by a mansion called Clarendon House. This was one of London’s most expensive properties at the time. Following Lord Clarendon’s death, the property was sold and demolished, giving way to what today is known as Old Bond Street.
For over one hundred years, Bond Street has been one of London’s most exclusive shopping destinations, particularly for those looking to buy antiques, art, or jewellery. The internationally renowned Sotheby’s auction house has been based in Bond Street since 1917, and the same can be said about the Fine Art Society, which has been at this London address since it was first inaugurated in 1876.
Information on commercial real estate prices in Bond Street
According to the Cushman & Wakefield Main Streets Across the World report for 2011, Bond Street commercial real estate prices were the sixth highest in the world, only preceded by the Champs Elysées, Tokyo’s Ginza Avenue, Hong Kong’s Causeway Bay, and New York’s Fifth Avenue. At the time of the survey, retail premises were being priced at £577 per square feet. At European level, Bond Street is the continent’s second most expensive street. Continue reading “Explore Bond Street: History, Architecture, Business and Tourism”