Fifth Avenue Is Still The Priciest Shopping Street In The Entire World
For the tenth year in a row, New York’s Fifth Avenue has been named the most expensive retail street on the planet.
Every year Cushman & Wakefield puts out its “Main Streets Across The World” report, which ranks shopping streets by how much rent stores have to pay for prime real estate. Rent on Fifth Avenue went up a whopping 21.6% in the past year alone, placing it comfortably atop the list at $2,250 per square foot per year.
The second and third spots also stayed the same, with Hong Kong’s Causeway Bay and Tokyo’s Ginza respectively. Sydney’s Pitt Street Mall climbed from ninth to fourth, while Paris’s Avenue des Champs Elysées ranked fifth in the world and first in Europe.
Check out how the rest of the top 10 panned out below. How many of these have you shopped on?
1. Fifth Avenue, New York: $2,250
2. Causeway Bay, Hong Kong: $1,943
3. Ginza, Tokyo: $1,044
4. Pitt Street Mall, Sydney: $995
5. Avenue des Champs Elysées, Paris: $992
6. New Bond Street, London: $930
7. Via Montenapoleone, Milan: $916
8. Bahnhofstrasse, Zurich: $883
9. Myeongdong, Seoul: $635
10. Kaufingerstrasse, Munich: $553