Cushman & Wakefield’s Main Streets Across the World 2024 report highlights the enduring value of main streets globally, tracking rental trends, economic shifts, and evolving consumer habits. Despite economic challenges such as rising inflation and interest rates, headline rents on prime streets have surpassed pre-pandemic levels, demonstrating their resilience and strategic importance to retailers worldwide.
The report also dives into:
- Global Growth Trends: Over half of the 138 tracked locations reported year-over-year rental growth, driven by demand and limited prime space.
- Top Retail Streets: Milan’s Via Montenapoleone has claimed the top spot as the most expensive retail destination, surpassing New York’s Fifth Avenue.
- Economic Impact: Interest rate cuts are creating cautious optimism, supporting business confidence and encouraging further economic recovery.
- Physical Meets Digital: Main streets remain critical for brand presence, offering an unmatched physical retail experience while integrating digital strategies.
For a deeper look into these global trends and the detailed rankings, access the full report here.
At Cushman & Wakefield Waterloo Region, we understand the importance of high-performing retail spaces, both globally and locally. If you’re navigating opportunities in the retail sector, connect with our team for insights and strategies tailored to your business goals.
