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Friday, December 8, 2023

Fifth Avenue is the most expensive shopping street in the world

Fifth Avenue in New York is once again the most expensive shopping street in the world, and Pařížská Street in Prague is once again the most expensive shopping street in the Central and Eastern Europe region. This follows from the ranking of the most expensive streets in the world compiled by the real estate consulting company Cushman & Wakefield.

The ranking was first compiled in 1988 and currently compares 49 countries of the world according to the amount of rent on the most expensive shopping streets. New York’s Fifth Avenue retained its top spot compared to last year’s ranking.

The second place in the ranking is Via Montenapoleone in Milan, Italy, the third is Hong Kong’s Tsim Sha Tsui, the fourth is London’s New Bond Street and the top five is completed by Paris’s Avenue des Champs-Élysées. Prague’s Pařížská ulica reigns for a long time in the region of Central and Eastern Europe, the next one is Váci utca in the Hungarian metropolis of Budapest in the 30th place.

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