Despite tightening consumer finances impacting retail sales in 2023, economic headwinds are forecast to ease in 2024
Prime high streets are benefitting from occupier interest shifting towards city centres and value and convenience-driven out-of-town retail continue to perform well. Although retail investment was down in 2023, activity has proved more resilient against other sectors and high yields remain a key draw for investors in the face of rising costs.
Key Findings
Read each section of the report below.
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Economic
Landscape
Tightening consumer finances dampened retail sales in 2023, but stronger performance forecast for 2024
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Prime High
Street
Milan’s Via Monte Napoleone tops the ranking as Europe’s most expensive retail street
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Shopping
Centres
Footfall recovery may be lagging, but basket spend on the up
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Retail
Parks
Rising footfall and falling vacancy; retail parks continue to out perform
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Occupier
Trends
What are the new and most expansive segments and brands to watch?
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Retail
Investment
Retail investment activity remains relatively resilient
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Repurposing &
Sustainability
Diversification is happening and often under the radar
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Savills
Outlook
What do the next 12 months have in store?
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