New York's Fifth Avenue Edged Out By Hong Kong Street for World's Highest Retail Rents

Retail rents in Hong Kong's Causeway Bay are the world's highest, topping prime shop space along New York's Upper Fifth Avenue for the second straight year, a new study finds. Causeway Bay's retail reign, however, is perilous at best as political protests in the area and the U.S.-China trade war take a toll on shopping and tourism.