New research from Cushman & Wakefield has revealed European retail park floorspace increased by 2.2% in 2018, reaching a total of 50.1 million square metres (sq.m), with France and Spain leading the way in terms of new schemes.
European Shopping Centre: The Development Story
As shopping centre markets reach maturity in most European countries, there will be growing polarisation between successful prime schemes and struggling secondary sites which are having to diversify to survive, according to new research from Cushm
European Shopping Centres Development 2019
Increased repurposing expected of existing secondary retail space to office, residential and other uses. A total of 2.6 million square metres of new shopping centre space was completed in 2018, 28% below the 2017 figure.
Main Streets Across the World
Hong Kong’s Causeway Bay Returns to the Top as World’s Most Expensive Retail Street
New York’s Upper 5th Avenue slips to second after significant rental decrease.
Development of Shopping Centeres in Europe
European Shopping Centre Market Reaches Maturity as Growth in New Space Slows
Future of retail and logistics
In a world being increasingly driven by digital and automation, the retail and logistics sectors are becoming blurred. This is having a significant impact on their respective real estate sectors.
European SC, H2 2017
The rate of shopping centre development in Europe is slowing, with completions down 23% year-on-year at 3.8 million sq m 2017, according to Cushman & Wakefield’s latest European Shopping Centres report.
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