Cushman Wakefield news and archive

Retail Renaissance: Global markets navigate economic turbulence with resilience - report

The global retail sector demonstrates remarkable resilience amid economic headwinds, with super-prime retail destinations maintaining tight vacancy rates and experiencing rental growth, according to the latest Main Street Across the World report by Cushman Wakefield. Despite luxury brands facing revenue slowdowns from 15 percent in 2022 to 0-4...

Retail

New York’s Fifth Avenue is the world’s most expensive retail street

New York’s Fifth Avenue has reclaimed its position as the world’s most expensive retail street. The data was released by global commercial real estate services firm Cushman & Wakefield, who said the average rents of 2,000 dollars per sq ft beat Hong Kong’s 1,436 dollars per sq ft and Milan’s via Montenapoleone at 1,380 dollars per sq ft. It is...

Retail

The 10 most expensive shopping locations in the world are...

London - Shopping in New York is often considered as a luxury extravagance not everyone can afford, but that should come as no surprise as it is it also home the most expensive shopping street in the world - at least when it comes to retail space. The Upper End of 5th Avenue in New York is the world's most expensive retail location in the world...

Retail|MAP Featured

New Bond Street: 3rd most expensive shopping street in the world

London - New Bond Street has retained its appeal as one of the most luxurious shopping streets in the world. The shopping street, home to leading fashion houses such as Chanel, Mulberry and Louis Vuitton, remains a retail hotspot as annual average rent prices have surged over the past year, growing 37.5 percent, according to the latest report...

Retail|INTERACTIVE MAP Featured

Top 10 most expensive shopping streets on the world map

Manhattan's Upper 5th Avenue has claimed the title as the world's most expensive shopping street - at least when it comes to paying rent that is. Navigate through FashionUnited’s interactive map where you can find the ten most expensive shopping streets in the world, according to the latest edition of Cushman & Wakefield's global flagship Main...

Apparel

Luxury retail to witness modest rise by 2015

Global real estate consultants, Cushman & Wakefield has estimated in a report that the share of luxury retail space in India will witness a rise of 1.44 percent by 2015 as against the current 1 percent even as total retail malls stock is set to increase by 27 percent by 2015. The report highlights the changing luxury retail scenario in India. It...

Apparel

Malls in Gujarat witness highest rise in rentals

Though Ahmedabad mall space vacancy at 33 percent is highest in the country, the city also saw 7 percent reduction in mall space vacancy, highest in the nation. However, in 2012, mall space vacancy too was maximum in Ahmedabad, says a Cushman & Wakefield (C&W) report. The rental mall space in Vastrapur area of Ahmedabad increased by 60 percent...

Fashion

Delhi’s Khan Market most expensive high street for rental

Swanky malls cannot seem to take away the charm of high street shopping. And a new survey has confirmed this. Retailers in India will have to shell out more money to set up shops on high streets as rentals have gone up considerably. And leading the pack is the up-market address of Khan Market in New Delhi. It’s supposed to be the most expensive...