Proving the resilience of retail
In our 33rd edition of Main Streets Across the World, we explore the near-term outlook for the retail sector and headline rents and ranking changes for the best-in-class urban locations across the world. In addition, we will share key indicators and trends to watch, including the cost-of-living crunch and changes in e-commerce.As the world continues to emerge from the impacts of the global pandemic, prime retail destinations have continued their rebound, recording mostly positive rental growth over the past year.
- The Czech Republic represented by Pařížská Street ranked 19th worldwide, 11th in Europe and 1st in the CEE region.
- Globally, rents rose by an average of 4.8% over the past 12 months, an increase over the 3.7% growth shown in the previous year.
- Asia Pacific led the world in 2023 at 5.3%, which was a strong improvement on the 1.1% growth experienced the previous year.
- Europe also accelerated from experiencing growth of 0.9% YOY in Q3 2022 to 4.2% YOY in Q3 2023, albeit this higher rate was driven by exceptional uplift in Türkiye (without which growth in Europe averaged 2.1% for the year).
- U.S. slowed from 17.0% last year, which was driven by supportive fiscal policies, to a more sustainable 3.2%.
We hope you find the report informative. To further discuss your retail opportunities and challenges, don't hesitate to reach out to your local contacts below or read the local press release.
CONTACTS
Research
Get a detailed overview of the retail real estate industry across Europe, backed by thorough research conducted on transactions in 13 European countries and 231 cities.
Christian Dubois • 03/10/2024
Research
Get a detailed overview of the retail real estate industry across Europe, backed by thorough research conducted on transactions in 13 European countries and 231 cities.
Sally Bruer • 20/09/2024
Insights
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Greater China Retail Supply/Demand Trends — Advancing Through Innovation
By Q2 2024, the total prime retail property stock in the core markets in the 16 major cities in Greater China we track totaled 112.5 million sq m. Demand for prime retail space in China has also continued to be active through the year. Subsequently, the overall vacancy rate in the same 16 cities dropped to 10.6% at the end of the second quarter.
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Virtual Press Conference MarketBeat Q2 2024: Unveiling Greater Jakarta’s Retail Landscape
Our MarketBeat report offers comprehensive coverage across seven key sectors: office, condominium, industrial, rental apartment, Jakarta and Greater Jakarta retail, hotel, and landed residential.
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Retail MarketBeat report analyses quarterly Poland commercial property activity across retail sector including supply, demand and pricing trends at the market and submarket levels.
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Shopping Centre Upgrading In China: New Concepts To Change Perceptions
Retailers and shopping center owners in China are constantly innovating new consumption scenarios, new retail segments and new business models. Cushman & Wakefield has conducted an in-depth survey with consumers, retail executives and shopping center operators focusing on five areas of change which could unlock consumption potential.
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At the forefront of retail real estate evolution.
Sally Bruer • 07/05/2024
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Explore the dynamics of the European luxury retail real estate market.
Sally Bruer • 07/05/2024
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Delving into the key themes that shaped the alternatives sector throughout 2023, Cushman & Wakefield’s Alternatives Outlook Report provides insightful projections for the future of alternative real estate in 2024.
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PREVIOUS ISSUES
MAIN STREETS 2022
View the 2022 Main Streets Across the World ranking and report.
