Malls had the most expensive rental space among the different types of retail real estate in the United States in 2023. As of the fourth quarter of the year, the average rent in malls was ***** U.S. dollars per square foot, compared to ***** U.S. dollars for all retail. General retail space, defined as single-tenant freestanding commercial buildings with parking, such as drugstores, grocery stores, and street front urban retail stores, had some of the lowest vacancy rates.

In 2024, the annual rent of a retail space in Upper 5th Avenue (49th to 60th Sts) in New York amounted to 2,000 U.S. dollars per square foot, making it the second-most expensive high street worldwide. Via Montenapoleone in Milan ranked top, with prime rents amounting to 2,047 U.S. dollars.

Graph and download economic data for Producer Price Index by Commodity: Real Estate Services (Partial): Retail Properties, Gross Rents (WPU43110201) from Apr 2009 to Sep 2025 about real estate, rent, gross, retail, services, commodities, PPI, inflation, price index, indexes, price, and USA.

The average asking rent for retail real estate in the United States has increased steadily since 2020. In the first quarter of 2025, the average square footage asking rent reached ***** U.S. dollars, while the average effective rent amounted to ***** U.S. dollars. Nevertheless, rents varied greatly in different regions in the U.S. The Western region of the country had the highest rent for shopping center space.

Commercial rents services price index (CRSPI) by North American Industry Classification System (NAICS). Monthly data are available from January 2006 for the total index and from January 2019 for all other indexes. The table presents data for the most recent reference period and the last five periods. The base period for the index is (2019=100).

London's prime high street retail location commanded the highest rents in Europe, with monthly rates reaching a staggering 2,786 euros per square meter in the second quarter of 2025. This figure dwarfs other major European cities, with Milan coming in second at 1,667 euros per square meter. The stark difference in rental prices highlights the premium placed on prime retail spaces in Europe's financial capital, reflecting the city's status as a global shopping destination. While London boasts the highest retail rents, the UK as a whole remains a significant player in retail real estate investment. In 2023, the UK attracted 6.6 billion euros in retail real estate investment, accounting for approximately a quarter of the total investment in the sector across Europe.

Graph and download economic data for Rental and Leasing of Commercial Space for Lessors of Real Estate, All Establishments, Employer Firms (LORERALOCSA45311) from 2015 to 2022 about lessors, employer firms, leases, establishments, real estate, rent, commercial, and USA.

Pop-Up Retail Space Rental Market Outlook

According to our latest research, the global Pop-Up Retail Space Rental market size reached USD 12.4 billion in 2024, reflecting a robust expansion driven by evolving retail strategies and dynamic consumer engagement models. The market is forecasted to grow at a CAGR of 8.7% from 2025 to 2033, reaching an estimated USD 26.1 billion by 2033. This surge is primarily fueled by the increasing demand for experiential retail environments, rapid urbanization, and the proliferation of innovative retail concepts that prioritize flexibility and customer engagement.

The most significant growth factor for the Pop-Up Retail Space Rental market is the accelerated shift in consumer preferences towards experiential shopping and personalized brand interactions. As traditional brick-and-mortar retailers face mounting pressure from e-commerce, pop-up stores offer a unique solution by blending physical and digital retail experiences. These temporary retail spaces enable brands to test new markets, launch products, and create buzz without the long-term commitment of permanent leases. Furthermore, the flexibility of pop-up formats allows retailers to quickly adapt to changing market trends and consumer behaviors, thereby enhancing brand visibility and fostering deeper customer relationships.

Another critical driver is the increasing adoption of omnichannel retail strategies by both established brands and emerging startups. Pop-up retail spaces serve as a bridge between online and offline channels, allowing e-commerce brands to establish a tangible presence and interact directly with customers. This trend is especially pronounced in sectors such as fashion & apparel, food & beverage, and consumer electronics, where hands-on experiences and immediate feedback are invaluable. The ability to collect real-time data, test new concepts, and optimize product offerings in a cost-effective way is propelling the popularity of pop-up retail rentals across diverse industry verticals.

Technological advancements and the rise of online booking platforms have further streamlined the process of securing pop-up retail spaces. Digital platforms now offer comprehensive solutions that connect landlords with prospective tenants, providing transparent pricing, flexible rental terms, and value-added services such as marketing support and analytics. This digital transformation has democratized access to prime retail locations, enabling small businesses and startups to compete alongside established brands. Moreover, the growing trend of event-driven retail—such as product launches, seasonal promotions, and brand activations—is creating new opportunities for pop-up space providers and driving sustained demand in the market.

From a regional perspective, North America currently dominates the Pop-Up Retail Space Rental market, accounting for the largest share in 2024, followed by Europe and Asia Pacific. The United States, in particular, has witnessed a surge in pop-up retail activity, driven by high consumer spending, a vibrant retail ecosystem, and a culture of innovation. In Europe, cities like London, Paris, and Berlin are emerging as hotspots for pop-up stores, fueled by strong tourism and a thriving fashion industry. Meanwhile, Asia Pacific is expected to register the fastest growth over the forecast period, supported by rising urbanization, expanding middle-class populations, and increasing digital adoption among retailers and consumers alike.

Type Analysis

The Pop-Up Retail Space Rental market is segmented by type into Short-Term Rentals, Long-Term Rentals, and Seasonal Rentals. Short-term rentals, defined as leases ranging from a few days to several weeks, represent the largest segment in 2024. This dominance is attributed to the growing demand for flexibility among retailers looking to capitalize on specific events, holidays, or consumer trends. Short-term rentals offer brands the agility to test new products, markets, or concepts without incurring significant overheads or long-term commitments. This format is particularly popular among fashion brands and product launches, where timing and location are critical to success.

Long-term rentals, while representing a smaller share, are gaining traction among brands seeking sustained presence in high-traffic locations without the permanence of traditional leases. These rentals typically

Dataset from Urban Redevelopment Authority. For more information, visit https://data.gov.sg/datasets/d_49962204d37550d54175c2e5f0e78025/view

Commercial rents services price index (CRSPI) by North American Industry Classification System (NAICS). Quarterly data are available from the first quarter of 2006 for the total index and from the first quarter of 2019 for all other indexes. The table presents data for the most recent reference period and the last five periods. The base period for the index is (2019=100).

Commercial leasing providers serve as lessors of buildings for nonresidential purposes. Industry participants include owner-lessors of nonresidential buildings, establishments that rent real estate and then act as lessors in subleasing it and establishments that provide full-service office space. Through the end of 2025, lessors have experienced mixed demand from critical downstream market segments. Since the onset of COVID-19, demand for office space has been volatile amid work-from-home and hybrid work arrangements. However, demand for industrial and retail spaces has climbed, bolstered by gaining e-commerce sales and resilient consumer spending, buoying industry revenue. Over the past five years, industry revenue has climbed at a CAGR of 1.2% to reach $265.2 billion, including an estimated 0.2% gain in 2025. From 2020 to 2022, commercial leasing companies benefited from low interest rates, stimulating business expansion. However, in response to surging inflation, the Federal Reserve began raising interest rates in 2022 and continued into 2023. Rising interest rates translated into higher borrowing costs for tenants seeking new leases for their business operations. This can make expanding or relocating to a larger space more expensive. The industry benefited from three interest rate cuts in 2024 and one additional cut in 2025. Industry profit remains high, reaching 51.4% of industry revenue in 2025. Industry revenue will climb at a CAGR of 2.7% to $302.8 billion through the end of 2030. Demand for office space will remain subdued over the next five years. However, a shortage of prime office spaces will elevate rent for Class A office buildings, benefiting lessors with those in their portfolio. Per capita disposable income growth and a continuation of climbing consumer spending will bolster demand for retail spaces, especially in suburban and Sun Belt markets. E-commerce sales will continue to power demand for industrial space as the percentage of e-commerce sales to total retail sales will mount.

In the first quarter of 2025, London West End - Bond Street was the most expensive location for prime high street rents in the UK, with prices reaching 2,500 British pounds per square foot. The West End was ranked ahead of London City, which came in third. In Manchester, the annual costs of rental per square foot of prime retail real estate amounted to 235 British pounds. Retail warehouses Retail warehouses typically range from 50,000 to hundreds of thousands of square feet. They are used for keeping and distributing inventory. Retail warehouses include loading docks, truck doors and large parking lots; also, they may contain a limited amount of office space. Prime retail warehouse properties belong to the wider category of industrial property, along with other real estate types, such as distribution buildings, showroom facilities, manufacturing buildings, cold storage facilities, telecom or data hosting centers, "flex" buildings denoting more than one industrial or commercial facility housed in the same building, and finally R&D buildings. Prime yields of high street retail across Europe Retail real estate prime yields in Europe were the lowest in Zurich, Switzerland, and the highest in Bucharest, Romania in 2025. As could be expected, larger cities in Europe tended to produce lower yields, due to the lower risk associated with these markets. Locations with lower yields tend to have steady occupancy rates and rental growth.

Graph and download economic data for Rental of Retail Space for Motion Picture and Video Exhibition, All Establishments, Employer Firms (MPAVERORSAE451213) from 2013 to 2022 about video, audio-visual, employer firms, establishments, rent, retail, and USA.

Comprehensive dataset containing 2,193 verified Retail space rental agency businesses in United States with complete contact information, ratings, reviews, and location data.

Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: Suburban data was reported at 166.760 1975=100 in 2019. This records an increase from the previous number of 166.010 1975=100 for 2018. Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: Suburban data is updated yearly, averaging 143.580 1975=100 from Dec 1975 (Median) to 2019, with 45 observations. The data reached an all-time high of 192.090 1975=100 in 1993 and a record low of 100.000 1975=100 in 1975. Germany Commercial Property Market Index: WG: 49 Cities: Average Retail Rent: Suburban data remains active status in CEIC and is reported by Bulwiengesa AG. The data is categorized under Global Database’s Germany – Table DE.EB004: Property Market Index.

Comprehensive dataset containing 35 verified Retail space rental agency businesses in RS with complete contact information, ratings, reviews, and location data.

Syria Retail Trade Price Index: Rent data was reported at 162.000 2000=100 in 2005. This records an increase from the previous number of 134.000 2000=100 for 2004. Syria Retail Trade Price Index: Rent data is updated yearly, averaging 103.000 2000=100 from Dec 1998 (Median) to 2005, with 8 observations. The data reached an all-time high of 162.000 2000=100 in 2005 and a record low of 100.000 2000=100 in 2000. Syria Retail Trade Price Index: Rent data remains active status in CEIC and is reported by Central Bureau of Statistics . The data is categorized under Global Database’s Syrian Arab Republic – Table SY.I009: Retail Trade Price Index: 2000=100.

Retail property operators in Australia have endured highly volatile trading conditions over the past five years, as shifting consumer preferences and economic volatility have shaped a turbulent landscape. The rapid rise of ecommerce has contributed to a steady decline in demand for traditional retail space, prompting tenants to reassess their store portfolios and, in many cases, reduce their physical footprints. Segmentation across the market has increased: many prime locations have remained in high demand, supported by resilient consumer traffic, while secondary and legacy centres have faced elevated vacancies and downwards pressure on leasing terms. Major operators like Scentre Group have concentrated capital expenditure on refurbishments, sustainability initiatives and large-scale premiumisation, reinforcing their appeal to top-tier tenants seeking modern, energy-efficient premises and amenities. Overall, industry revenue is expected to have risen at an annualised 2.3% over the past five years to total $37.2 billion in 2024-25, when revenue is anticipated to grow 2.4%. High interest rates and cost-of-living pressures have influenced the industry’s performance, as consumers have reined in discretionary spending and retailers have hesitated to expand. These headwinds have made asset quality and operational excellence critical. Upgraded centres with strong anchor tenants (like major supermarkets Coles and Woolworths) and strategic locations continue to attract healthy tenant demand, in contrast to weaker performing assets, which have been exposed to persistent vacancies. The trend towards omnichannel retailing, with operators integrating click-and-collect and logistics support, has offset challenges related to increased online sales, particularly in lifestyle-oriented suburban centres that have maintained foot traffic and occupancy rates. Meanwhile, operators have been diversifying their income streams – like turnover rents, parking and management services – and leveraging technological efficiencies in property management to support profit margin growth, even as overall conditions remain volatile. Looking ahead, the industry operators will face a more challenging environment. Intensifying ecommerce growth and persistent cost pressures are set to limit broad-based expansion, placing greater emphasis on portfolio quality, tenant retention and adaptable leasing structures. While operators that focus on mixed-use redevelopment and advanced sustainability standards will be better positioned to weather these headwinds, legacy and underinvested properties may face rising vacancies and stiffer competition. Overall, industry revenue is projected to contract at an annualised 1.4% over the five years through 2029-30 to $34.7 billion.

Home of the New York Stock Exchange, Times Square, the Theater District, and countless other landmarks, Manhattan is undoubtedly among the most expensive commercial real estate markets in the United States. On 5th Ave (49th St. - 59th St.), the annual asking rent of retail space reached ***** U.S. dollars per square foot in the first half of 2025. Broadway & 7th Ave (42nd St. - 47th St.) had the second-highest rent among Manhattan corridors, with a median asking rent of ***** U.S. dollars.

United States - Producer Price Index by Commodity: Real Estate Services (Partial): Retail Properties, Gross Rents was 134.45800 Index April 2009=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Real Estate Services (Partial): Retail Properties, Gross Rents reached a record high of 134.45800 in August of 2025 and a record low of 99.30000 in July of 2012. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Real Estate Services (Partial): Retail Properties, Gross Rents - last updated from the United States Federal Reserve on November of 2025.