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What are the most expensive streets in the world on which to rent retail space? Footwear News ranks the top-ten in the world today:
1. Champs-Élysées, Paris: $1,255.90 per square foot per yearSure, okay, these numbers don't seem that large all by themselves—after all, they're the price per square foot. But, think about it, the new Tommy Hilfiger store on the Champs-Élysées in Paris is slated to be 9,000 square feet. That comes out to something like $11,303,100 in rent. Per year.
2. Fifth Avenue, New York: $1,250 psf/yr
3. Russell Street, Causeway Bay, Hong Kong: $1,205.46 psf/yr
4. Bond Street, London: $1,724.24 psf/yr
5. Via Montenapoleone, Milan: $924.37 psf/yr
6. Pitt Street Mall, Sydney: $768.85 psf/yr
7. Bahnhofstrasse, Zurich: $727.71 psf/yr
8. Oxford Street, London: $719.70 psf/yr
9. Rome City Center, Rome: $627.95 psf/yr
10. Madison Avenue, New York: $590 psf/yr
· FN List: Most Expensive Streets in the World [Footwear News]