Milan’s Via Monte Napoleone has beat out New York’s Fifth Avenue to become the world’s most expensive shopping street, marking the first time a European city has topped the rankings.

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The world’s 10 most expensive shopping locations, by rent per square foot, according to Cushman & Wakefield: 1. Via Monte Napoleone, Milan. 2. Upper Fifth Avenue (49th to 60th streets), New York. 3.

The world’s 10 most expensive shopping locations, by rent per square foot, according to Cushman & Wakefield: 1. Via Monte Napoleone, Milan. 2. Upper Fifth Avenue (49th to 60th streets), New York. 3.