5th Avenue in New York is still the most expensive shoppingstreet in the world, followed by the Champs Elysees (Paris) and Causeway Bay (Hongkong). The locations Preciados in Madrid and Na Prikope/Wenceslassquare in Prague are the fastest movers in the annual ranking of retaillocations by let price per mÃÂ² made up by real estate advisor Cushman & Wakefield Healey & Baker.
The Kalverstreet in Amsterdam is in 19th position in the most recent edition of the list and has therefore dropped one spot. Also the Kaufunferstrasse in Munich dropped two places, from number 7 to number 9. Madrid and Prague made it into the top twenty with respectively number 16 (2002: 23) and 18 (2002: 25).
The top five remains unchanged. The rentlevel on 5th Avenue is at Ã¢âÂ¬ 7.967 per mÃÂ² per year, a mÃÂ² in the Kalverstraat is let for on average Ã¢âÂ¬ 1.640. Last in line of the research is the location Krasta in Riga, the capital of Latvia, with an average rent of Ã¢âÂ¬ 366 per mÃÂ² per year.