Retailers Pay Big for Prime Locales

The real estate market may be in a slump but rents for many of the world's most expensive shopping streets are still climbing

Retailers on Manhattan's famed Fifth Avenue pay the highest rents in the world, and it isn't necessarily because they expect to collect the highest profits. Some Fifth Avenue stores are cash cows. Others aren't. That's not the point.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.