Find in the news:
BY COUNTRY

New Report Sheds Light On World’s Most Expensive Cities For Retail Rent



London has been named the second most expensive market in the world for retailers to rent stores.
CBRE Research has unveiled its semi-annual Global Prime Retail Rents report, and the report is littered with many of the usual suspects. However, there are some surprises to be found in the ‘fastest growing rents’ section.   

“New York remains the world’s most expensive retail location, however London showed the strongest annual rent growth and moved up to become the second most expensive market, according to CBRE Research’s semi-annual Global Prime Retail Rents. London’s overall performance was emblematic of the broad strength in Europe, which was the only global region to register rent growth,” according to CBRE. “Rents declined in the Americas, driven by weakness along the U.S. Eastern Seaboard. In Asia Pacific, rents fell, but key markets, notably Hong Kong, started to stabilize.

mostexpensive

As Retail Week explains, while London took down the second spot on the most expensive list, the city also takes down the top spot in the fastest growing section with a whopping 39.1 percent increase on a year-on-year basis. 

“London’s overall performance is emblematic of the broad strength we are seeing across the retail market in Europe. Demand for quality retail space in London remains robust and the arrival of brands such as New Balance and Nars has further underlined the importance of these prime shopping destinations,” explains Rhodri Davies, head of UK retail at CBRE. “However, an increase in occupational costs, as a result of business rates revaluation, has meant that retailers are increasingly being more selective about their choice of store location. This has resulted in a slowdown in the past six months of retailers transactions in London’s prime retail streets.”

A little further down the list of fastest growing cities for retail rents we find the city of Belfast, which is making some impressive headway in spite of being outpaced by rivals London and Dublin.

annualchange

"As vacancy levels in Belfast's prime locations continued to fall, demand from occupiers resulted in positive rental growth for the first time in a number of years. A lack of supply coupled with strong demand, and the continued decrease in vacancy rates is likely to ensure improved market conditions,” notes Alana Coyle, retail director at CBRE. "Going forward, it is important for Belfast to develop and invest in prime retail locations to meet the demand of international retailers seeking to expand into the city.

Rounding out the top five on the most expensive front are Hong Kong, Paris, and Tokyo. For the fastest growing sector, London is followed by St. Petersburg, Russia, Auckland, New Zealand, Sofia, Bulgaria and Dublin, Ireland.    



YESTERDAY, Taiwan:
Dutch studio MVRDV has transformed an abandoned shopping center in Taiwan into an unusual public space.
YESTERDAY, Israel:
In Israel, a national quarantine begins to operate again from September 18, 2020.
YESTERDAY, Sweden:
Shoppers will select goods from different stores in the mall on one website and then pick them up conveniently.
DAY BEFORE YESTERDAY, Spain:
The outlet begins its countdown and fires the starting signal during the "Digital Lighting" event.
DAY BEFORE YESTERDAY, China:
Maison Martell officially opened L'Atelier Martell Shenzhen - a luxury boutique where you can taste and buy exclusive varieties of cognac.
DAY BEFORE YESTERDAY, USA:
The new retail store layout is expected to be very convenient for quickly and safely receiving online orders.
Friend
and Follow
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us