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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

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.

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Proving the resilience of retail

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. The U.S. slowed from 17.0% last year, which was driven by supportive fiscal policies, to a more sustainable 3.2%.

FIFTH AVENUE RANKS #1

New York’s Fifth Avenue retains its top ranking as the world’s most expensive retail destination. Other U.S. cities topping the list include New York’s Madison Avenue and SoHo, Rodeo Drive in Beverly Hills, and Honolulu’s Kalakaua Avenue. Read the report to view the full rents and rankings.

Throughout the report, we also share key indicators and trends to watch, including cost of living increases, retailers’ increased focus on sustainability and shopper experience, changes in e-commerce, and more. 

We hope you find the report informative. To discuss your retail opportunities and challenges, reach out to our Americas Retail contacts below:

AMericas Retail Contacts

Barrie-Scardina-Northeast Regional President
Barrie Scardina

President of Americas Retail Services, Agency Leasing & Alliances
New York, United States


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Alanna-Leoffler-2023-Headshot
Alanna Loeffler

Managing Director of Business Strategy
San Francisco, United States


+1 (516) 6583832

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Jim Kierski New York Retail
Jim Kierski

Head of Retail Consulting, Americas
St. Louis, United States


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James_Bohnaker
James Bohnaker

Senior Economist
Boston, United States


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PREVIOUS ISSUES

Main Streets 2022
MAIN STREETS 2022

View the 2022 rankings and report.

Learn more External Link

Main Streets 2019
MAIN STREETS 2019

View the 2019 rankings and report.

LEARN MORE

Main Streets 2017
MAIN STREETS 2017

View the 2017 rankings and report.

LEARN MORE


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