A retrenchment to core destination cities
"The retrenchment to core destination cities seen last year will continue in 2019. Smaller, emerging and underserved destination cities will prove attractive as and when specific opportunities arise"
Commercial investment
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The big luxury groups step up their dominance
"While new openings declined last year this was largely at the expense of smaller independent brands as the top three luxury houses, LVMH, Kering, Richemont all increased new store openings globally in 2018"
The rising importance of international flagships
"Luxury spending globally increased 6% in 2018 according to Bain & Company, with Europe accounting for a third of sales, with forecasts pointing to further growth of between 3–5% per annum to 2025"
European destination cities led luxury rental growth in 2018
"Of the 26 global luxury locations tracked by Savills over a third reported year-on-year growth in 2018 with 50% maintaining headline rents."
The democratisation of luxury – what does this mean for luxury destinations?
"Much of the growth in luxury spend in 2018 was driven by millennials and their younger counterparts Gen Z"
What are the large luxury houses investing into?
"Investment activity across the big luxury houses has intensified over the last three years. Across the top 10, funding volumes (based on known values) reached $8.3bn, 10 times that seen in 2016"
Savills Global Luxury Retail: 2019 Outlook
"The retrenchment to core destination cities seen last year will continue in 2019"
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The last minute dash: investment into urban logistics
"Investment into the sector has skyrocketed over the past few years. "
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Overheard at MIPIM 2019
"This year was MIPIM’s 30th anniversary. With Savills employees from the UK to Mexico attending the conference, we take a look at what people in the industry are saying."
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Why commercial investors are heading North West
"Favourable supply and demand dynamics and appealing yields are all part of the region's attraction."
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