Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street [Yahoo! Finance Canada]
Cushman & Wakefield plc Ordinary Shares (CWK)
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Source: Yahoo! Finance Canada
There's even more to celebrate this year: a commercial real estate company has crowned Via MonteNapoleone as the world's most expensive retail destination, displacing New York's Fifth Avenue. The latest version of American firm Cushman & Wakefield's annual global index, which ranks shopping areas based on the rent prices they command, is a sign of Via MonteNapoleone's desirability as an address for luxury ready-to-wear, jewelry and even pastry brands. The average rent on the Milan street has surged to 20,000 euros per square meter ($2,047 per square foot), compared with 19,537 euros per square meter ($2,000 per square foot) on an 11-block stretch of upper Fifth Avenue. Via MonteNapoleone's small size — just 350 meters (less than one-quarter mile) long — and walking distance to services and top cultural sites are among the street's key advantages, according to Guglielmo Miani, president of the MonteNapoleone District association. “Not everything can fit, which is a benefit'' s
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News
- Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cushman & Wakefield plc (NYSE: CWK) had its price target raised by analysts at JPMorgan Chase & Co. from $14.00 to $17.00. They now have a "neutral" rating on the stock.MarketBeat
- Move over, Fifth Avenue. Milan's Via MonteNapoleone has taken your crown as world's most upscale shopping street [CBS News]CBS News
- Eastdil Secured Appoints David Dorros as Managing Director [Yahoo! Finance]Yahoo! Finance
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