Market in Minutes: Central London Retail – Q1 2023
"Rebased rents and business rates revaluation improves retailer demand across prime West End"
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"Rebased rents and business rates revaluation improves retailer demand across prime West End"
"The pandemic, prolonged lockdown in China, rising market challenges, and the emergence of smaller luxury brands have meant that established luxury retailers are keen to diversify their porfolios."
"Ecommerce is undoubtedly the priority for almost all retail brands today."
"The Danish DIY giant Harald Nyborg will soon open its first city store in Copenhagen city centre. The concept is a reinterpretation of the traditional DIY store and is specifically adapted to accommodate the Copenhageners’ needs and wishes."
"Major cities like Ha Noi remain popular with local and international retail brands. Demand for space in the Ha Noi CBD is on the rise. "
"Japan has progressed to a post-pandemic state, with domestic demand and inbound tourism making a strong comeback. While this will certainly mean improvement for the overall retail sector, there are road bumps including the inflationary environment and a shortage of labour that will have an adverse impact, especially on mid-market retail which may take longer to recover. Nonetheless, retail assets will benefit from increasing popularity due to their rental prospects."
"With retailers still cautious in taking up prime spaces, high vacancies are still recorded in core street shops."
"It is worth noting that this coversthe 'prime-prime' segment of most major property sectors in key cities around the region and should not be confused with the market overall, particularly when comparing market cycles."
"In the first episode of No Stone Unturned Charlotte Harmsen and Rupert Parker Brady, retail consultant, discuss the challenges property owners in retail may face. "
"From flight to prime and convenience to undersupply of out-of-town retail space."