Milan’s Montenapoleone world’s most-expensive retail street

Milan’s via Montenapoleone was named the world’s most expensive retail destination in the 2024 Main Streets Across the World report released this week by real estate group Cushman & Wakefield.
It said via Montenapoleone had overtaken New York City’s Upper Fifth Avenue to become the first European street at the top in the report’s 34-year history.
“This reflects robust rental growth on the Italian street, exceeding 30% in the last two years, further bolstered this year by the euro’s appreciation against the U.S.

dollar,” it said.
The report monitors 138 urban retail locations around the world on the basis of the value of prime rents.
It said via Montenapoleone had prime rents of 20,000 euros per square metre per year, compared to 19,537 euros for Upper Fifth Avenue.

Source: ANSA