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main streets across the world 2023 main streets across the world 2023

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Main Streets Across the World 2023

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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.
  • 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 via your country page below:

CONTACTS

U.S. National Retail MarketBeat Report (image)
MarketBeat

U.S. Shopping Center Reports

Access the latest quarter commercial real estate results for the retail sector nationally. MarketBeat reports analyze quarterly market activity including supply, demand and pricing trends.
James Bohnaker • 10/10/2024
Shopping Retail
MarketBeat

Retail MarketBeat Report

Island wide retail rents continued to grow by 0.7% qoq to $29.62 psf/mo in Q3 2023, only about 0.2% below the pre-pandemic rate of $29.68 psf/mo, indicating a steady recovery path underpinned by limited new supply and resilient demand. 
Xian Yang Wong • 09/10/2024
ERRv2.jpg
Research

European Retail Radar

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
ERRv2.jpg
Research

European Retail Radar

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
Resurgent Retail_CrdImage.png
Insights

Resurgent Retail

India, the world’s fastest-growing economy, is set to reach USD 5 trillion by 2027, becoming the third largest globally. This growth will bring numerous opportunities, especially in consumption-driven sectors like retail.
19/09/2024
Retail-Nederland
MarketBeat

Retail Marketbeat

Retail MarketBeat report analyses quarterly Poland commercial property activity across retail sector including supply, demand and pricing trends at the market and submarket levels.
Ewa Derlatka-Chilewicz • 16/07/2024
European Luxury REtail
Research • Investment / Capital Markets

European Luxury Retail

At the forefront of retail real estate evolution.
Sally Bruer • 07/05/2024
A Life of Luxury: Perspectives from Paris
Article

A Life of Luxury: Perspectives from Paris

On a recent team work trip to meet with retailers and colleagues from our Paris office, three clear trends stood out.
Duncan Gilliard • 20/09/2023
Grant-Carter_Headshot_Regional
Grant Carter

Director
Singapore, Singapore


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Matt Clifford
Matt Clifford

Head of Sustainability & ESG, Asia Pacific
Sydney, Australia


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PREVIOUS ISSUES

Main Streets 2022
MAIN STREETS 2022

View the 2022 Main Streets Across the World ranking and report.

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Main Streets 2019
MAIN STREETS 2019

View the 2019 Main Streets Across the World ranking and report.

LEARN MORE

Main Streets 2017
MAIN STREETS 2017

View the 2017 Main Streets Across the World ranking and report.

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