Report: Greenwich Avenue is nation’s 5th most expensive street
Greenwich Avenue in Greenwich is the nation's fifth most expensive street, based on average square-foot rent costs, according to JLL, a professional services firm that specializes in real estate and investment management.
Rents on the avenue average $86.53 per square foot, with top rents coming in at $101, a 177.4 percent premium compared with the rest of Fairfield County, according to the firm. JLL noted that Greenwich Avenue is home to a number of hedge funds, financial services companies and upscale retailers and restaurants.
The nation's most expensive street is San Francisco's Sand Hill Road, with average rents at $119.38 per square foot, followed by New York City's Fifth Avenue ($116.04 per square foot); San Francisco's Mission Street ($93.68); and Cambridge, Massachusetts' Main Street ($90).
Kevin Zimmerman writes for the Fairfield County Business Journal. For more, go to www.westfaironline.com.