Fifth Avenue is a major thoroughfare in the center of the borough of Manhattan in New York City, USA. Between 34th Street and 59th Street, it is also one of the premier shopping streets in the world, often compared to Oxford Street in London, the Champs-Élysées in Paris, Via Montenapoleone in Milan, and the Ginza district in Tokyo.

Fifth Avenue serves as a symbol of wealthy New York. It is consistently ranked as one of the most expensive streets in the world, on a par with Paris, London, and Tokyo lease prices: 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.

Fifth Avenue originates at Washington Square Park in Greenwich Village and runs northwards through the heart of Midtown, along the eastern side of Central Park, where it forms the boundary of the Upper East Side and through Harlem, where it terminates at the Harlem River at 142nd Street. Traffic crosses the river on the Madison Avenue Bridge.

Fifth Avenue serves as the dividing line for house numbering in Manhattan. It separates, for example, East Fifty-ninth Street from West Fifty-ninth Street. From this zero point for street addresses, numbers increase in both directions as one moves away from Fifth Avenue, with 1 West Fifty-ninth Street on the corner at Fifth Avenue, and 300 West Fifty-ninth Street located three blocks to the west of it.

History

Originally a narrower thoroughfare, much of Fifth Avenue south of Central Park was widened in 1908, sacrificing its wide sidewalks to accommodate the increasing traffic. The midtown blocks, now famously commercial, were largely a residential district until the turn of the twentieth century. The first commercial building on Fifth Avenue was erected by Benjamin Altman who bought the corner lot on the northeast corner of Thirty-fourth Street in 1896, and demolished the "Marble Palace" of his arch-rival, A. T. Stewart. In 1906 his department store, B. Altman and Company, occupied the whole of its block front. The result was the creation of a high-end shopping district that attracted fashionable women and the upscale stores that wished to serve them. Lord & Taylor's flagship store is still located on Fifth Avenue near the Empire State Building and the New York Public Library.