KEY INDICATORS AND GLOBAL RANKINGS
AVERAGE REGIONAL RENTAL CHANGE (IN LOCAL CURRENCY)
Q3 2024 YOY
Q3 2025 YOY
The world’s premier retail streets continue to prove their resilience and enduring appeal. Despite a significant spike in global economic uncertainty, these super-prime retail destinations have continued to record robust rent growth. At the global level, rents rose a further 4.2% over the past year, a slight moderation on the 5% recorded in the year prior, but still well ahead of the rate of global inflation. The Americas continues to be a source of strength, though the spotlight has shifted from the U.S. to South American cities, where growth has accelerated rapidly. A key driver of this shift has been the recent appreciation of the U.S. dollar against local currencies, particularly as lease agreements often denominate rents in U.S. dollars. Notwithstanding, it also highlights the required uplift in local sales to cover the effects of local currency depreciation. Moving to the other regions, the picture is clearer. Rents in Europe have generally shown steady growth since early 2023, with a slight acceleration over the past 12 months to reach 4.1%. In contrast, rental growth in Asia Pacific has been moderating to 2.1% in the year leading up to Q3 2025.
APAC
2.8%
2.1%
Americas
11.1%
7.9%
Europe
3.4%
4.0%
U.S.
10.9%
2.5%
Global
5.0%
4.2%
Source: Cushman & Wakefield
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CUSHMAN & WAKEFIELD
MAIN STREETS ACROSS THE WORLD 2025
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