RESEARCH
NEW York’s Fifth Avenue is once again sitting atop the list of the world’s most expensive retail streets, which have seen...
Sydney’s Pitt Street Mall topped Australia’s retail rents in Cushman & Wakefield’s Main Streets Across the World report, which ranks streets across...
Fifth Avenue topped the global list with average rents of US$2,000 per sq ft. Pegging the Hong Kong dollar to the US dollar has...
In third was Milan’s Via Montenapoleone at US$1,$380, becoming Europe’s most expensive shopping street for...
“The industry has been through one of the biggest stress tests imaginable over the past few years, but best-in-class retail real estate has...
“While we now face new economic challenges, the conversation has shifted from pessimism to retail´s omnichannel evolution.
“Many brands are playing the long game and seeking to secure prime opportunities to adapt to ever-demanding customer needs. With...
Rents across global prime retail destinations declined by 13% on average at the peak of the pandemic, but...
Since the pandemic nadir, global retail market rents have rebounded approximately 50 percent. Much of that...
In the Asia Pacific, Hong Kong and Tokyo dominate the region’s most expensive streets, accounting for six of...
He said prime shopping districts in key locations continue to command strong rents that “defy the predicted demise of physical retail”.