Fifth Avenue. Rodeo Drive. Avenue des Champs-Élysées. Event the most
acclaimed retail strolls in the world have not escaped the ravages of
the global economic crisis, according to Cushman & Wakefield's
annual Main Streets Across the World report. Surveying 274 leading
shopping streets in 60 countries, the real estate services firm found
that 54 percent of the group experienced a decline in rents; a decline
that marks the largest drop in retail rents ever recorded since the
report' s inception 24 years ago.

