What is the most expensive shopping street in NY?

New York's Fifth Avenue has reclaimed its position as the world's most expensive retail street, with average rents of USD2,000 per square foot (sq ft) per year (€21,076/sq m/yr) according to a new global ranking from real estate services firm Cushman & Wakefield.



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The part of 5th Avenue that runs through Midtown Manhattan between 49th Street and 60th Street is lined with famous designer boutiques and shops; in fact, 5th Avenue shopping is often ranked as one of the priciest retail experiences in the world.

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Several of these buildings are in the supertall category, taller than 1,000 feet (300 m), and are among the tallest buildings in the world. Since most of these pencil towers are on 57th Street, the term can refer to this street, too.

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