In 2023, the annual rent of a retail space in Upper 5th Avenue (49th to 60th Sts) in New York amounted to 2,000 U.S. dollars per square foot, making it the most expensive high street worldwide. Via Montenapoleone in Milan and Tsim Sha Tsui in Hong Kong completed the top three, with prime rents amounting to 1,766 U.S. dollars and 1,493 U.S. dollars, respectively.
Most expensive retail locations worldwide in 2023, by annual rent
(in U.S. dollars per square foot)
Characteristic
Annual rent in U.S. dollars per square foot
Upper 5th Avenue (49th to 60th Sts), New York City
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Cushman & Wakefield. (November 20, 2023). Most expensive retail locations worldwide in 2023, by annual rent (in U.S. dollars per square foot) [Graph]. In Statista. Retrieved December 15, 2024, from https://www.statista.com/statistics/264903/most-expensive-shopping-streets-for-retail-rent-worlwide/
Cushman & Wakefield. "Most expensive retail locations worldwide in 2023, by annual rent (in U.S. dollars per square foot)." Chart. November 20, 2023. Statista. Accessed December 15, 2024. https://www.statista.com/statistics/264903/most-expensive-shopping-streets-for-retail-rent-worlwide/
Cushman & Wakefield. (2023). Most expensive retail locations worldwide in 2023, by annual rent (in U.S. dollars per square foot). Statista. Statista Inc.. Accessed: December 15, 2024. https://www.statista.com/statistics/264903/most-expensive-shopping-streets-for-retail-rent-worlwide/
Cushman & Wakefield. "Most Expensive Retail Locations Worldwide in 2023, by Annual Rent (in U.S. Dollars per Square Foot)." Statista, Statista Inc., 20 Nov 2023, https://www.statista.com/statistics/264903/most-expensive-shopping-streets-for-retail-rent-worlwide/
Cushman & Wakefield, Most expensive retail locations worldwide in 2023, by annual rent (in U.S. dollars per square foot) Statista, https://www.statista.com/statistics/264903/most-expensive-shopping-streets-for-retail-rent-worlwide/ (last visited December 15, 2024)
Most expensive retail locations worldwide in 2023, by annual rent (in U.S. dollars per square foot) [Graph], Cushman & Wakefield, November 20, 2023. [Online]. Available: https://www.statista.com/statistics/264903/most-expensive-shopping-streets-for-retail-rent-worlwide/
