These are America's most expensive shopping streets, where rents cost a fortune and stores are thriving

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sexymixedcpl2011 28yo Tacoma/lacey, Washington, United States

Rodeo Drive Getty/Ari Perilstein

Many retailers are closing stores, but luxury still seems to be thriving.
Cushman & Wakefield has crunched the numbers to find the most expensive streets shopping streets in America.
These shopping areas have thrived despite the retail apocalypse.

If there's a retail apocalypse going on, nobody told the stores on 5th Avenue.

The upper reaches of the Manhattan street again ranked as the most expensive place in the US to rent space for a retail store. It's the most expensive shopping street in the country as well as the world, according to a new report by commercial real estate firm Cushman & Wakefield.

It seems that though many stores are indeed closing, the trend is mostly impacting lower-priced mall locations — and not the main streets in the US' biggest cities.

"While there has been a lot of discussion around store closures, the main high street markets have not been as adversely affected as some of the headlines might suggest," the report reads.

Here are the most expensive shopping streets in America:

9. Walnut Street — Philadelphia

Getty/Lisa Lake

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.

8. Newbury Street — Boston

AP/Steven Senne

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.