In its first report tracking the world's top retail districts since the pandemic began, Cushman & Wakefield has named NYC's Upper Fifth Avenue—the stretch between 49th Street and 60th Street—has overtaken Hong Kong's Causeway Bay as the world's most expensive retail address.
Milan's Via Montenapoleon leapfrogged into third place in C&W's Main Streets Across the World report, which tracks the top retail districts across 92 global cities and ranks the most expensive by prime retail value, over London's New Bond Street and The Avenue des Champs Elysees in Paris, respectively.
C&W suspended the annual report of the world's priciest retail addresses during the pandemic. The first annual Main Streets report since 2019 also provided a regional perspective to the emerging post-pandemic recovery:
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