Monday , August 2 2021

The Fifth Avenue of NY is no longer expensive in the world, looks at who can replace it

Photo: TurismoNuevaYork

(Caracas, November 18. News24) –The famous Fifth Avenue from New York, home to iconic buildings and luxury shops, occupies the second place for renting the most expensive retail space in the world, in particular, the corridor between forty-ninety-thirty streets.

The Prada, Versace, Dior, Louis Buitton or Cartier fashion brands are some of the names in the famous and expensive Fifth Avenue corridor, with a rental price of 2,250 dollars per square foot (0.09 square meters), o According to the report "Main Streets Across the World", prepared by the US real estate service company Cushman & Wakefield.

The famous New York Street, where also the private home of the current US president, Donald Trump, was also replaced by this year's reign by Causeway Bay, in Hong Kong, who asks $ 2,671 for the same retail rental space, according to the report, which publishes the Real Estate newspaper The Real Deal.

There is no other city in the United States that appears in the top ten on that list.

The third place has occupied it New Bond Street, in the city of London, in the United Kingdom, with a retail price of 1,744 per square foot, followed by France, Italy and Japan.

The report also shows that the third quarter of this year reflects a decline in the construction of multi-familiar houses in Manhattan, where 4,490 units were completed, a reduction of 750 in relation to the same period of & # 39; the previous year.

Close to Half of these homes were built in Lower Manhattan.

However, where rent prices fell, with a 3.2 per cent increase, on a monthly average in Manhattan of $ 3,635 per month.

But that figure is even higher in other areas of this area, such as Midtown, with a 4,5 percent increase in that period, was located in approximately 4,178 dollars and me

With information from EFE

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