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Prime rents buoyant as confidence ticks up

Global Retail MarketView | Q1 2015

Prime rents buoyant as consumer confidence ticks up

Summary

  • Global consumer confidence improved slightly overall in Q1 2015. The Nielsen survey found confidence increased slightly or remained stable in every major region except Latin America.
  • Prime retail rents in global markets covered by CBRE were either stable or recorded steady growth this quarter. The period saw a degree of volatility in the rental rankings due to the uneven economic recovery, but retail markets are generally performing well, particularly in the Eurozone.

  • The list of the 10 most expensive global retail markets saw a number of slight changes from Q4 2014. Paris moved up from fourth to third, swapping places with London, whilst Melbourne moved up a place to seventh, exchanging positions with Sydney.

  • Hong Kong retained its status as the world’s most expensive retail market. However, leasing activity was sluggish due to changing patterns of tourist consumption and concern over the outlook for visitor arrivals.

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    Global Retail MarketView

    For more information please contact:

    Nick Axford, Ph.D.
    Head of Research, Global
    +44 20718 22876
    Richard Barkham, Ph.D.
    Chief Economist, Global
    +44 20718 22665
    Jos Tromp
    Head of Research, EMEA
    +31 (0)20 626 26 91
    Henry Chin, Ph.D.
    Head of Research, Asia Pacific
    Asia Pacific
    Research
    +852 2820 8160
    +852 2810 0830
    Spencer Levy
    Head of Research, Americas
    +1 617 9125236