1、ResearchLuxury,digital natives and athleisure drive prime urban demandCity Retail 2023North America|20222|City Retail|2023 2022 Jones Lang LaSalle IP,Inc.All rights reserved.What is a prime urban corridor?A prime urban corridor is a nationally recognized shopping district distinguished by its mix of

2、 high-street,national and international tenants.Typically named for the most notable retail street within the corridor,these shopping districts have boundaries that were carefully drawn to include the most prominent retail spaces,as well as occurring and potential retail sprawl within these areas of

3、 focus.Prime urban corridors emerge organically and are not the product of a single master developer.Weve identified and defined such North American corridors for this report,further segmenting them into“existing”and“emerging”corridors.Existing prime urban corridors are characterized by a concentrat

4、ion of national credit tenants.Emerging prime urban corridors include tenants of varying credit profiles.They have more local retailersand restaurants and feature a growing presence of national brands.Prime urban corridorsVancouverRobson StreetWest 4th StreetSan FranciscoUnion SquareFillmoreHayes Va

5、lleyThe MarinaLos AngelesBeverly Hills TriangleMelroseThird Street PromenadeAbbot KinneyMiamiLincoln RoadDesign DistrictNYCFifth AvenueMadison AvenueTimes SquareSoHoUnion SquareMeatpacking DistrictWashington,DCM Street14th StreetPhiladelphiaWalnut StreetMarket EastChicagoMichigan AvenueGold CoastFul

6、ton MarketWicker ParkTorontoBloor StreetQueen Street WestMontrealSainte-Catherine StreetBostonNewbury StreetSeaport District3|City Retail|2023 2022 Jones Lang LaSalle IP,Inc.All rights reserved.The urban recovery continuesMore than two years out from the onset of the pandemic in 2020,North Americas