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
Real Estate Strategies for Retail Evolution
MarketBeat
Ho Chi Minh City Retail MarketBeat
New retail supply from Parc Mall launched in Q3 2024 in District 8, offering the first high-quality retail space in the district, welcoming a diverse mix of domestic and international brands. Total HCMC retail supply achieved 1.16 million sqm, which increased by 3.1% QoQ and 8.5% YoY.
Trang Bui • 25/10/2024
MarketBeat
- Rents recorded stable quarter-on-quarter and increased by 2.2% due to the entry of new supply from the non-CBD area.
- Occupancy rate recorded a slight decrease of 0.2 ppt compared to the previous quarter and 0.6 ppt compared to the same period last year, mainly due to the impact of new supply.
MarketBeat
Retail Real Estate in France: Market Update
Marketbeat Retail Reports analyze the activity of the retail market in France, taking into account supply, demand, and transactions across markets and submarkets.
Christian Dubois • 22/10/2024
Insights • Food & Beverage
Recently, Spain has witnessed a surge in high-end food halls, with various examples in big cities such as Madrid or Barcelona.
Research • Food & Beverage
Discover the resilience of food halls and the fresh prospects they bring to the Food & Beverage real estate landscape.
Jennifer Milne • 02/07/2024
Research
Main Streets Across the World 2023
In this 33rd edition of Main Streets Across the World, we explore the near-term outlook for the retail sector and headline rents and rankings for best-in-class urban locations across the globe.
Barrie Scardina • 21/11/2023
Research
Main Streets Across the World 2023
In this 33rd edition of Main Streets Across the World, we’ll explore the near-term outlook for the retail sector; headline rent and ranking changes for best-in-class urban locations across the world; key indicators and global main street rankings; and key trends to watch such as the cost-of-living crunch, e-commerce and more.
Dominic Brown • 21/11/2023
PREVIOUS ISSUES
MAIN STREETS 2022
View the 2022 Main Streets Across the World ranking and report.
