New York, Paris, Milan and London are often battling it out to be considered the no.1 fashion city, and according to a report by property agent Cushman & Wakefield, the priciest fashion street, aka the most luxury, is in…NYC. The upper end of 5th Avenue is the most expensive retail space in the world, coming in at a whopping $3,500 per square foot, followed by Causeway Bay in Hong Kong and the Champs Elysees in Paris. So, if you’re strapped for cash, here are the streets best avoided.
1. USA, New York, Upper 5th Avenue (49th – 60th Sts)
$3,500 a year per square foot
2. Hong Kong, Hong Kong, Causeway Bay
$2,399.2 a year per square foot
3. France, Paris, Avenue des Champs Elysees
$1,372.1 a year per square foot
4. United Kingdom, London, New Bond Street
$1,321 a year per square foot
5. Italy, Milan, Via Montenapoleone
$1,035.1 a year per square foot
6. Switzerland, Zurich, Bahnhofstrasse
$894.6 a year per square foot
7. Japan, Tokyo, The Ginza
$881.9 a year per square foot
8. South Korea, Seoul, Myeongdong
$881.8 a year per square foot
9. Austria, Vienna, Kohlmarkt
$478.2 a year per square foot
10. Germany, Munich, Kaufinger/Neuhauser
$459.6 a year per square foot
Credits
Text Stuart Brumfitt
Photography Sunshinecity