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People walk past the Prada store on Manhattan's Fifth Avenue.
By David M. Levitt
Nov. 15 (Bloomberg) -- Manhattan's Fifth Avenue is the world's most expensive retail location, with rents rising above $1,500 a square foot annually for the first time, broker Cushman & Wakefield reported.
An average 1,000 square-foot retail storefront along Fifth Avenue's ``golden corridor'' between 49th and 59th streets now costs about $1.5 million a year, the New York-based commercial property broker reported in its annual ``Main Streets Across the World'' survey. That's up 11 percent from last year, according to the survey.
Here are the top ten expensive locations on every continent...
Top Ten Locations In The Americas:
1. New York City - 5th Avenue - $1,500 2. New York City - Madison Avenue - $1,200 3. New York City - East 57th Street - $900 4. Los Angeles - Rodeo Drive (Beverly Hills) - $600 5. Chicago - North Michigan Avenue - $425 6. San Francisco - Union Square - $400 7. San Francisco - Post Street - $350 8. Chicago - East Oak Street - $350 9. Sao Paulo - Iguatemi Shopping - $200 10. Vancouver - Robson Street - $198
Top Ten Locations In Europe:
1. Paris - Avenue Des Champs Elysees - $922 2. London - New Bond Street - $813 3. Dublin - Grafton Street - $668 4. London - Oxford Street - $631 5. London - Covent Garden - $582 6. Paris - Rue Du Faubourg St. Honore - $553 7. Paris - Avenue Montaigne - $553 8. Zurich - Bahnhofstrasse - $491 9. London - Brompton Road - $490 10. Athens - Ermou - $451
Top Ten Locations In Asia:
1. Honk Kong - Causeway Bay - $1,213 2. Tokyo - Ginza - $683 3. Tokyo - Omotesando - $547 4. Sydney - Pitt Street Mall - $489 5. Melbourne - Bourke Street - $473 6. Seoul - Gangnam Station - $431 7. Seoul - Myeongdong - $428 8. Tokyo - Shibuya - $410 9. Brisbane - Queen Street Mall - $378 10. Singapore - Orchard Road - $325
Top Ten Locations In Africa & The Middle East:
1. Tel Aviv - Ramat Aviv - $134 2. Beirut - ABC Centre Achrafieh - $116 3. Beirut - City Centre (BCD) - $111 4. Tel Aviv - Ayalon Shopping Centre - $102 5. Beirut - Rue Verdun - $93 6. Johannesburg - Sandton City - $81 7. Cape Town - V&A Waterfront - $79 8. Durban - The Pavillion $69 9. Beirut - Rue Hamra - $65 10. Pretoria - Menlyn Park - $61
why even put africa and the middle east? they should have just said the most expensive places in south africa, israel and lebanon.
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