Global shopping centre development continues apace, with unprecedented levels of construction and new openings taking place. 9.8 million sq m of new space opened in 2013 in the 180 cities in our survey, compared with 7.3 million sq m in 2012. A further 39 million sq m is under construction with eight out of the top 10 most active cities globally contained within the borders of China.
The huge scale of the global development pipeline is due to a growing a middle class population in emerging markets, the urbanisation of large cities and a lack of high quality retail space of the type demanded by cross-border retailers.
Download the Global Shopping Centre Development ViewPoint | April 2014