Prague Prikopi is the 19th most expensive street in the world, with a nearby Paris massacre

The annual rent at Na Prikope makes up about a tenth of the rent on Fifth Avenue. This is the result of a study by Cushman and Vakefield.

Cushman & Vakefield annually estimates 446 most popular shopping destinations in 65 countries each year. Ranking lists one of the most expensive streets in each country. According to this question, the average monthly rent per square meter in Na Prikope Street amounts to 230 euros (about 5970 kroons), an increase of five percent compared to the same period last year.

"Among the most expensive streets in the Czech Republic are Na Prikope and Paris Street. While the Paris destination of luxury brands, Na Prikope is a significant street in terms of tourism, frequencies and locations in historic Prague, mass labels, as well as premiums," the report said.

According to the partner of Cushman & Vakefield Jan Kotrbacek, Na Prikope is the most important trading class in the Czech Republic due to its strategic location, well-earned retailers and many incoming tourists and local residents. "In the near future, the attractiveness of this area will be further increased as a result of new projects, the most important of which is reconstruction of Savarina," Kotrbacek added.

In the future, Kotrbaček expects to improve the retail environment on Venceslava square and around the street Narodni. "The most important will be the overall revitalization of the lower part of Venceslava Square, the aforementioned Savarin project, the construction of a new multifunctional Venceslas Skuare 47 building with significant retail space, as well as the recently completed revitalization of the National Museum, which is very successful.

Source: Cushman & Vakefield