{"id":24502,"date":"2022-11-29T21:13:22","date_gmt":"2022-11-29T21:13:22","guid":{"rendered":"https:\/\/test.cwyxe.ca\/?p=24502"},"modified":"2023-01-31T12:15:09","modified_gmt":"2023-01-31T12:15:09","slug":"main-streets-across-the-world-2022","status":"publish","type":"post","link":"https:\/\/test.cwyxe.ca\/?p=24502","title":{"rendered":"Main Streets Across The World 2022"},"content":{"rendered":"\t\t
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Almost three years after the onset of the global pandemic, the retail industry has been through one the biggest stress tests imaginable, but best-in-class real estate has remained robust \u2013 and even emerged stronger in some markets.<\/p>

Our flagship Main Streets Across the World report tracks the top retail districts across 92 cities and ranks the most expensive by prime rental value. An annual report until 2019, this year\u2019s report is the first since then, allowing insight into comparative performance pre- and post-pandemic.<\/p>

\u00a0<\/p>

Rent Growth Highlights<\/span><\/h4>
  • Rents across global prime retail destinations declined by 13% on average during the depth of the pandemic but have rebounded to just 6% below pre-pandemic levels.<\/li>
  • The Americas, thanks largely the to the U.S., was the most resilient region – on average rents now sit at a 15% premium to pre-pandemic levels.<\/li>
  • In Asia Pacific rents fell on average by 17%, impacted by international border closures, which curbed tourism in prime locations.<\/li><\/ul>

    Global Rankings<\/span><\/h4>
    • New York\u2019s\u00a0Upper Fifth Avenue<\/span>\u00a0moves up one spot to number one, now ranks as the most expensive retail destination in the world.<\/li>
    • Hong Kong<\/span>\u00a0has slipped to second place, with\u00a0Tsim Sha Tsui\u00a0<\/span>overtaking\u00a0Causeway Bay<\/span>\u00a0as the most expensive precinct in the city-state.<\/li>
    • Via Montenapoleone<\/span>\u00a0in Milan has jumped two positions to achieve third place, followed by London\u2019s\u00a0New Bond Street<\/span>\u00a0and\u00a0The Avenues des Champs Elysees<\/span>\u00a0in Paris rounding out the top five.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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      Download Report Almost three years after the onset of the global pandemic, the retail industry has been through one the biggest stress tests imaginable, but best-in-class real estate has remained robust \u2013 and even emerged stronger in some markets. Our flagship Main Streets Across the World report tracks the top retail districts across 92 cities…<\/p>\n","protected":false},"author":1,"featured_media":24515,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125,25],"tags":[],"class_list":["post-24502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-research"],"_links":{"self":[{"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=\/wp\/v2\/posts\/24502"}],"collection":[{"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24502"}],"version-history":[{"count":30,"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=\/wp\/v2\/posts\/24502\/revisions"}],"predecessor-version":[{"id":24848,"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=\/wp\/v2\/posts\/24502\/revisions\/24848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=\/wp\/v2\/media\/24515"}],"wp:attachment":[{"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.cwyxe.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}