Food Halls of Europe 2024/25 Edition
New York’s Fifth Avenue has maintained its position as the world’s most expensive retail street, with Milan’s Via Montenapoleone climbing to second in the global rankings, according to Cushman & Wakefield’s latest ‘Main Streets Across the World’ report.
The 33rd edition of the report reveals retail rents on Via Montenapoleone grew 20% over the past year to $1,766 USD/sq ft/ yr to displace Hong Kong’s Tsim Sha Tsui which dropped to third after more modest 4% rental growth to $1,493 USD/sq ft/ yr. Rents at Fifth Avenue held steady at $2,000 USD/sq ft/ yr.
