Fifth Avenue is among the most expensive streets in the USA

Fifth Avenue is among the most expensive streets in the USA

The results of another study again confirmed that life in new York is expensive. After analyzing the cost of leasing office space, the researchers found that Fifth Avenue was included in the list of the most expensive streets in the United States, and to the first place she did not have just a single step.

Investment firm JLL Real Viewsworking in the field of real estate, published its annual report which says that Fifth Avenue is the second most expensive street in the United States. According to the materials of the research, Fifth Avenue was on the top of the list due to its popularity among hedge funds, investment banks, law firms and flagship stores of famous retail chains.

Fifth Avenue is among the most expensive streets in the USA

Manhattan street was second only to Sand Hill Road in San Francisco, which is home to several tech giants.

Analysts JLL Real Views annually publish a list of the most expensive streets in the country, comparing the average cost of renting offices. The report States that the average rent on Fifth Avenue is $116,04 per square foot, the highest rate was fixed at $185.

The five leaders of the rating of the most expensive streets also went down Mission Street in San Francisco, Main Street in Boston and Greenwich Avenue in the County of Fairfield, Connecticut.

The researchers also said that, despite the biting rents on Fifth Avenue, various companies continue enthusiastically to populate the office buildings of the street. These buildings have no problems with attracting tenants, because nobody stays in them only 12.8 percent of the area, which is 250 points below the average for the United States.

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