Wednesday, September 28, 2011

The 10 most expensive streets in the U.S.

2. Fifth Avenue, Midtown Manhattan, New York

It’s one of the priciest shopping streets in the world, and it costs a pretty penny to rent office space here — $97 per square foot, according to Jones Lang LaSalle. Office tenants, including a number of hedge funds, will pay a premium for the location and its amenities. “Location is everything in real estate and this study proves it. Despite economic conditions, demand for these prime and often prestigious addresses continues to be high,” said John Sikaitis, senior vice president of research at Jones Lang LaSalle, in a news release.

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