Αντλεί την ονομασία της από τον Ερμή, αγγελιαφόρο των Θεών και προστάτη του εμπορίου. Είναι από τις πρώτες οδικές αρτηρίες που σχεδιάστηκαν στη σύγχρονη Αθήνα, και ένας από τους κύριους οδικούς άξονες των Αθηνών.
Θεωρείται η πέμπτη ακριβότερη εμπορική περιοχή στην Ευρώπη και η δέκατη στον κόσμο. Παραμένει ένας από τους πιο ακριβούς και πολυσύχναστους δρόμους των Αθηνών.
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