Fifth Avenue is a major thoroughfare in the center of the borough of Manhattan in New York City, United States. The section of Fifth Avenue that crosses Midtown Manhattan, especially that between 49th Street and 60th Street, is lined with prestigious shops and is consistently ranked among the most expensive shopping streets in the world. The "most expensive street in the world" moniker changes depending on currency fluctuations and local economic conditions from year to year. For several years starting in the mid-1990s, the shopping district between 49th and 57th Streets was ranked as having the world's most expensive retail spaces on a cost per square foot basis. In 2008, Forbes magazine ranked Fifth Avenue as being the most expensive street in the world. Some of the most coveted real estate on Fifth Avenue are the penthouses perched atop the buildings.
The American Planning Association (APA) is a distinguished organization devoted to supporting practicing planners, citizens, and elected officials who are dedicated to making great communities flourish. APA compiled a list of “2012 Great Places in America” and declared Fifth Avenue to be one of the greatest streets to visit in America. This historic street is home to extraordinary museums, businesses and stores, parks, luxury apartments, and historical landmarks that are reminiscent of its history and vision for the future.