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Via Montenapoleone Becomes World’s Most Expensive Shopping Strip

The Milanese street has overtaken New York’s Fifth Avenue as the world’s most expensive retail real estate, with rents soaring above €20,000 per square metre.

A Milanese street — Via Monte Napoleone, which is far smaller than the other global luxury hotspots, is home to the world’s biggest high-end names. (Shutterstock)

By

The Guardian

22 November 2024

BoF PROFESSIONAL

If the names Fendi, Dior and Valentino were rubbed from the shop fronts, Milan’s Via Monte Napoleone could pass for a slightly fancier than average street in the northern Italian style capital, with the typical jostle of vans and Vespas alongside Porsches, tourists and residents.

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