Raymond Torto, Ph.D., CRE®, Global Chairman of Research, CBRE
In this Global In-Sights Podcast, Raymond Torto gives a brief overview of CBRE's Global Retail View for Q3 2013.
CBRE monitors prime retail rents in 97 markets across the world on a quarterly basis and ranks them on a U.S. dollar per square foot per annum basis. In Q3 2013, there was little change in the top rankings, with global and hot growth markets continuing to lead the list.
The rate of growth of prime retail rents, while positive, showed signs of slowing in Q3 2013, as retailers exhibited cautiousness even as they continued to position their business for the future. However, rents will likely continue to rise, even at a slower pace, given the shortage of prime locations and prime properties. We see no substantial relief for retailers in this regard and anticipate that 2014 will bring more of the same.
View the Global Retail View Video | January 2014 (Duration: 2:07)
Download the Global Retail View Report | Q3 2013