Getty/Ari Perilstein
Rodeo Drive's iconic stores are only good enough to be the second-most expensive on this list.
- Many retailers are closing stores, but luxury still seems to be thriving.
- Cushman & Wakefield has crunched the numbers to find the most expensive streets shopping streets in America.
- These shopping areas have thrived despite the
retail apocalypse.
If there's a retail apocalypse going on, nobody told the stores on 5th Avenue.
The upper reaches of the Manhattan street again ranked as the most expensive place in the US to rent space for a retail store. It's the most expensive shopping street in the country as well as the world, according to a new report by commercial real estate firm Cushman & Wakefield.
It seems that though many stores are indeed closing, the trend is mostly impacting lower-priced mall locations - and not the main streets in the US' biggest cities.
"While there has been a lot of discussion around store closures, the main high street markets have not been as adversely affected as some of the headlines might suggest," the report reads.
Here are the most expensive shopping streets in America: