These are the most expensive shopping streets in America

New York is still the top when it comes to retail rents. On Fifth Avenue, between 49th and 60th Streets, rents go for $3,000 a square foot per year.

Fifth Avenue is home to flagship stores of many international luxury and mid-tier brands. Its global prominence hasn't wavered in the storm of what's going on with retail.

Rodeo Drive's iconic store cluster remains as relevant as ever, making it good for the second slot. It demands $875 a square foot per year.

San Francisco's retail rents are high like its residential rents. In third place, it would cost $700 per square foot a year to have a store in the famed shopping area of Union Square.

Chicago has spruced up its famous North Michigan Avenue shopping district and given it a new coat of paint. Anchored by a redeveloped riverfront that features a new Apple Store, rents go for around $550 a square foot per year.

Miami's Lincoln Road pedestrian shopping area has the ability to attract a crowd. It also attracts renters with a going rate of $300 a square foot per year.

Washington, DC's Penn Quarter is one of the most dynamic sectors of the city. Its rents are the highest too, costing $205 a square foot per year.

Palm Beach's pricey boutiques also have pricey rent. It costs an average of $145 a square foot per year to rent on the main street, Worth Avenue.

Boston's famous shopping street also has stores from e-commerce-based brands, but it's famous in its own right. That's good enough to command $130 per square foot in rent per year.

Like many other cities, Philadelphia has gotten a retail boost from e-commerce-based brands that have opened stores in major shopping areas. The rent on Walnut Street averages $125 per square foot a year.