The most expensive street in the world.
As a real estate agent will tell you, in real estate, it is all about location, location, location. Businesses thrive in certain locations and will fail in others, this is solely why entrepreneurs will pick the right spot and work on it to achieve their purpose.
This right location game has giving rise to developers charging quite a few bucks in high-end business point and chasing out the small players in the game.
This most expensive street in the world is the New York Fifth Avenue, in United states of America, due to its expensive commercial rent.
The rental cost per square foot on New York’s Fifth Avenue stands at $3500, granting it the title of the world’s most expensive commercial rent.
Fifth Avenue stretches for 6.2 miles and serves as the dividing line between the east and the west sides of Manhattan. High-end brands like Gucci, Prada, Louis Vuitton, Versace, and Saks can all be found along the avenue.