Monday, September 05, 2011
The most expensive avenue in Europe
The news came last Thursday after commercial real estate firm Cushman & Wakefield released their annual study regarding the price of the rental value of the major shopping streets in the world : The Champs Elysées is the most expensive shopping street in Europe - and the 5th in the world - before New Bond street in London. It will cost you 7,364 euros per square meter per year if you plan to open a little shop around the corner down there! No wonder only big chain stores can afford it... After Abercrombie and Fitch, Tommy Hilfiger, H & M it will soon be the turn of Banana Republic and... Marks and Spencers (from the UK). BTW, I took this photo from the Arc de Triomphe, as you probably guessed already!