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 »