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Luxembourg Retail MarketView Q1 2025

Diverse food and beverage concepts continue to lead retail activity

September 17, 2025 7 Minute Read

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— While the economic outlook is stronger than in recent years, tariffs and uncertainty are sources of risk.
— Retail take-up was on the low side through the first half of the year, but activity is limited by few quality
availabilities and new development, particularly in the periphery.
— AAA locations experience almost no vacancies, while secondary and tertiary locations count some
availabilities.
— High street prime rents remain stable at 1,800 €/m²/year (excl VAT).
— Investment surged higher on the back of Nextensa's sale of two Kanuf shopping centres amidst falling
interest rates.