The report was done by real estate group Cushman & Wakefield.
It said via Montenapoleone had overtaken New York City’s Upper Fifth Avenue to become the first European street at the top in the report’s 34-year history.
“This reflects robust rental growth on the Italian street, exceeding 30 per cent in the last two years, further bolstered this year by the euro’s appreciation against the U.S. dollar,” it said.
The report monitors 138 urban retail locations around the world on the basis of the value of prime rents.
It said via Montenapoleone had prime rents of 20,000 euros per square metre per year, compared to 19,537 euros for Upper Fifth Avenue.
ANSA
