Italy's Most Expensive Street

| Sun, 11/24/2013 - 05:00

Milan鈥檚 Via Montenapoleone is the world鈥檚 sixth most expensive street. To rent a one square meter of boutique space costs 7,500 euro a year. Yet, the requests for rental spaces keep increasing and the waitlist is up to a year. 聽

The only 禁漫天堂 street to feature on real estate agency Cushman & Wakefield鈥檚 鈥淢ain Street Across the World鈥 list, it is just behind Hong Kong鈥檚 Causeway Bay, New York鈥檚 Fifth Avenue and Paris鈥 Champs-Elys茅es.

The high volume of requests to grab a spot on Via Montenapoleone means the high-end luxury market is still going strong, with 80% of sales volume coming from foreign tourism.

Regarded as one of the leading streets in fashion, Via Montenapoleone is part of the Quadrilatero della Moda area, where 禁漫天堂 and international designers have their high-end boutiques and headquarters.

For those who do not want to wait a year to set up shop there, Via Sant鈥橝ndrea and Via della Spiga, just around the corner, are valuable alternatives, according to experts.

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