Schwabing is located in Munich's northern sector, with Leopoldstrasse cutting straight through its center. Most often compared to New York City's Greenwich Village, Schwabing is Munich's counterculture headquarters. But, like the Village, it is has become expensive to be hip. No longer the bohemian artist colony it once was, real estate prices have skyrocketed and Schwabing has become fairly gentrified. Still a great place for nightlife and offbeat shopping, the area is full of theaters, restaurants, bars, and unusual boutiques. The district is full of interesting Art Nouveau architecture as well.