So long, Fifth Avenue. The world's most expensive shopping street is now in Milan [CNN]
Cushman & Wakefield plc Ordinary Shares (CWK)
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm
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Source: CNN
Rents on the street, situated in the heart of Italy's financial capital, jumped 11% over the past 12 months to $2,047 per square foot, or €20,000 ($21,094) per square meter, as demand outstripped supply, according to a report released Wednesday by real estate group Cushman & Wakefield. By comparison, rents on Upper Fifth Avenue, which covers 49th to 60th streets, remained flat for the second consecutive year at $2,000 per square foot. Beyond the top two spots, London's New Bond Street overtook Hong Kong's Tsim Sha Tsui to take third place, with rents coming in at $1,762 per square foot. The iconic Avenue des Champs Élysées in Paris came in fifth place at $1,282. Via Monte Napoleone “is very short compared to Fifth Avenue, New Bond Street or Champs Élysees,” helping to drive rents higher, said Thomas Casolo, Cushman & Wakefield's head of retail for Italy. He sees room for further rent increases as result. “The space is very scarce,” he told CNN. Ad Feedback The Gucci store o
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CWK
Earnings
- 11/4/24 - Beat
CWK
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- CWK's page on the SEC website