As reported late last week by John Howe for GlobeSt.com, Cushman& Wakefield has released a report rating East 57th Street asthe single most expensive retail location in the entire world. Atits location, Tiffany's marks the entrance into the corridor with abang--or perhaps a crystal clink. Shopping in New York is the goalof serious shoppers the world over, and there are few places to doit quite like here, but with the absolute highest rents on theglobe, prices of merchandise here is rather dear.

The shops from Tiffany's east on 57th pay about $700 per sf. JilSander, as reported Nov. 6 here on GlobeSt.com, has signed on forHermes' vacated space at 11 E. 57th St. at more than $750 per sf.Unlike its neighbors that are paying such high rents, Tiffany'sbought its building last year for about $94 million.

Tiffany's upscale neighbors on East 57th Street include Chanel,Escada and Burberry. On Fifth Avenue its neighbors include Mikimotojewelers, the cultured pearls specialists, footwear retailerCole-Haan and Trump Tower. These are among the places that make thecorridor between Madison and Fifth Avenues a premierdestination.