Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Main Streets Across the World 2022

Manuel Puig • 12/28/2022

Three years after the last Main Streets Across the World study, a timely pause due to the criticality of the global pandemic, economic uncertainties, travel and supply chain restrictions and a host of other issues that have impacted the retail real estate sector globally.

Prior to 2020, trends suggested a major decline, if not the demise of physical retail. Three years later, this is definitely no longer the central issue.

While we are still grappling with volatile economies, the conversation has shifted to the future of retail - an omnichannel world where the most successful brands are those that understand their customers and seek to connect ever more with them.
The retail real estate industry has gone through one of the greatest stresses imaginable and not only survived, but emerged stronger than ever in certain segments.

The Main Streets Across the World report focuses on these segments in the best urban retail locations. Places that have shown enormous resilience, even with regional and market factors.

See some of the insights presented by the study.

Oscar Freire in Brazil is among the most expensive rentals in the world
Rua Oscar Freire, in the city of São Paulo, is the only Brazilian location in the global ranking, with the 38th most expensive retail rent in the world, 2 positions above the pre-pandemic ranking.

Brazilian retail
After a 1.4% increase in 2021, Brazilian retail sales are down year-on-year at the 2.3% growth rate to date.
South American countries, in general, had more difficulty in containing the virus, less internal stimuli, and, as a consequence, experienced slower economic recoveries.

Online retail slows down
Unsurprisingly, the challenges consumers faced in going to brick-and-mortar stores during the pandemic boosted online sales. Doubts then arose as to whether this increase would continue with the reopening of physical trade.

So far, the data suggests online sales have slowed year-on-year, although they remain above pre-pandemic levels. Several online retailers have reduced headcount and curbed their voracious appetite for storage space over the past two quarters, a reflection of the brick-and-mortar recovery.

Consumer confidence worries
The main driver for maintaining and growing retail sales is, of course, an increase in consumer confidence levels. According to the Organization for Economic Co-operation and Development (OECD), consumer confidence levels globally are at their lowest levels this century.

The uncertainty of inflation and the pressure on domestic spending – financing, higher rents, energy and food costs – left consumers uncertain about the next 12 months.

The expectation is that once there is some indication that inflation is stable and on the decline, we will see consumer confidence pick up.

The global impact of tourism
The tourist trade has always been important for retailers, especially those located in cities that attract millions of visitors annually. Before the pandemic, travel and tourism was one of the most important sectors in the world, responsible for 10% of global GDP and employing 320 million people.

Tourism numbers are not expected to return to pre-pandemic levels until 2023 at the earliest, according to the International Monetary Fund (IMF).

Click here to download the full Main Streets Across the World 2022 report.

Featured Insights

Golgi PM
Article • Logistics

Cushman & Wakefield manages more than 600,000 m² in Golgi logistics condominiums

The partnership between Cushman & Wakefield and Golgi, owner and developer of logistics condominiums, began in 2018. In 2021, after a change in the way of working, the relationship between contractor and contractor became even closer.

Stela Hirata • 3/24/2023

Smart Cities: Trends that are Changing the Real Estate Market

Innovations in the technological, cultural and behavioral spheres, which influence people's lifestyles, directly impact social development and this is precisely the concept that permeates Smart Cities.


Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All