NYC 5th Avenue most expensive retail location

New York’s 5th Avenue (49th – 60th streets) is ranked number one as the most expensive retail location globally and in the Americas, according to the 29th edition of Cushman & Wakefield’s  global flagship report, Main Streets Across the World.

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, and 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, and 5. Miami’s Lincoln Road.

“While the growth of online retail is a common theme in all of America’s markets, retailing in much of Latin America is still maturing. However, most of the region’s developed cities now have high-quality retail developments which cater for a variety of income groups, including a rapidly growing middle class,” said the report’s author, Darren Yates, head of EMEA retail research, at Cushman & Wakefield.

“In the United States, while there has been a lot of discussion around store closures, the main high street markets have not been as adversely affected as some of the headlines might suggest. The fact is that most retailers are not turning their backs on high street locations,” Yates said.

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.

Below is the Americas’ listing in the Main Streets Across the World global report

MOST EXPENSIVE LOCATIONS BY COUNTRY

You can find the full release with tables here.