Cushman & Wakefield has released our 29th edition global flagship report Main Streets Across the World. New York’s 5th Avenue (between 49th – 60th Streets) is listed as the most expensive location in the world. 

The report tracks 451 of the top retail streets around the globe, ranking the most expensive in 68 countries by their prime rental value and enabling an analysis of trends in retail real estate performance.

The top-five global city locations include: 

  1. New York’s 5th Avenue (49th – 60th Streets)
  2. Hong Kong’s Causeway Bay
  3. London’s New Bond Street
  4. Milan’s Via Montenapoleone
  5. Paris’ Avenue des Champs Elysees

In the Americas, the list’s top five includes: 

  1. New York’s 5th Avenue (49th – 60th Streets)
  2. Los Angeles’ Rodeo Drive
  3. San Francisco’s Union Square
  4. Chicago’s North Michigan Avenue
  5. Miami’s Lincoln Road

“Today’s shopping experience is evolving, with retail’s transformation driven by factors like experiential bricks-and-mortar environments, omni-channel shopping, and supply chain innovations,” said David Gorelick, Executive Managing Director and Head of Retail for the Americas at Cushman & Wakefield. “In New York City, the environment is especially competitive, and brands who call Manhattan home set the pace for retail globally. We know that international luxury brands will continue to look to high streets to support their plans for expansion—and as retailers search for new opportunities to connect with consumers, the market will undoubtedly respond in ways that leverage the unique overlap between the retail, industrial, and eCommerce sectors.”

Click here to learn much more about major markets and trends