By John Glenday

New York’s Fifth Avenue has come out on top in an international poll to find the world’s most expensive shopping street, hand bagging competition such as the Champs Elysees and Causeway Bay, Hong Kong.

The Big Apple’s top thoroughfare regained the top slot from its Hong Kong rival for the first time since 2011 with prime rents rising 13.3 per cent to $3,500 per sq/ft – compared to just $2,735 at Causeway Bay and $1,556 on the Champs Elysees.

New York was assisted in its rise by downward pressures on rents in Hong Kong, down 6.8 per cent this year, owing to Read full story ›

Source: The Drum