CBRE, Cushman Agree: Fifth Avenue Really Expensive for Retailers

Yesterday, CB Richard Ellis declared Fifth Avenue the world's most expensive stretch of retail based on the rents merchants have to pay. Today, it's Cushman & Wakefield's turn.

From that release: "New York’s Fifth Avenue is once again the world’s most expensive shopping street where retailers can now expect to pay rents of $1,850 per square foot per annum, an increase of 23 percent on 2007."

Fifth Avenue shares the Top 5 with streets in Hong Kong, Paris, Milan and Dublin.  read more »

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