Fifth Avenue New York – World’s Most Expensive Shopping Street

Fifth Avenue New York – World’s Most Expensive Shopping Street

New York’s Fifth Avenue has retained its top position as the world’s most expensive shopping street in the world, according to Main Streets Across the World 2006, with unit rental on Fifth Avenue commanding an average of of US$1.35m per 1,000 sq ft/93 sq m per annum.

Ranking

2006

Ranking

2005

Country City Location €/sqm/year
US$/sq ft
/
year

1

1

USA New York 5th Avenue

11,364

1,350

2

2

Hong Kong Hong Kong Causeway Bay

9,544

1,134

3

3

France Paris Avenue des Champs Elysees

6,775

805

4

4

UK London New Bond Street

5,667

673

5

5

Japan Tokyo Ginza

5,486

652

6

6

Ireland Dublin Grafton Street

4,496

534

7

10

Switzerland Zurich Bahnhofstrasse

3,517

418

8

7

Australia Sydney Pitt Street Mall

3,294

391

9

8

South Korea Seoul Myeongdong

3,169

376

=10

9

Germany Munich Kaufingerstraye

3,000

356

=10

12

Greece Athens Ermou

3,000

356

THE WORLD’S MOST EXPENSIVE SHOPPING STREETS

Source: Cushman & Wakefield