Sunday, July 29, 2007

FYI: The World's Most Expensive Retail St.

Ever wonder what retail rents are for Gucci, Fendi, Versace or Armani's prime 5th Avenue shops or the shops along Madison Avenue? According to WWD, retail rents in Manhattan are on the rise, with Madison Avenue passing $1,000 and Fifth Avenue tottering around $1,500 per square foot. And according to the COO of Cushman & Wakefield, Fifth Avenue is now considered the prime destination for luxury and world-class brands, and is the most expensive retail street in the world. This is of no surprise, of course but still an interesting bit of info.

Source: WWD

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