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Date Submitted: 11/14/2010 06:02 PM
LA LETTRE DE LA DISTRIBUTION INTERNATIONALE
JULY 2010 - Volume XI - N°110
SUMMARY
INTERNATIONAL AFRICA EUROPE FRANCE GERMANY NETHERLANDS POLAND RUSSIAN FEDERATION SPAIN UNITED KINGDOM NORTH AMERICA UNITED STATES NEAR EAST TURKEY ASIA CHINA INDIA 1 2 3 3 4 4 5 5 5 5 5 6 7 7 7 7 8
GLOBAL RETAIL NEWSLETTER
INTERNATIONAL
Global retail rental market stabilization. Rents of the most important destinations for retailers stabilized in most markets. They rose in a certain number of them in the 1st quarter of 2010 according to CBRE. With the global recovery, consumer and retailer confidence has started improving. If this has not yet been translated into the retail growth in most countries, demand of prime quality space remains solid and the vacancy rate of the best locations is low. New York is still the most expensive city followed by Sydney and Hong Kong. London sits in the 4th position after a 20%-annual growth of its rents since the 1st quarter of 2009 and a still strong demand and low vacancy rates in its best locations. It is interesting to note that some of the fastest growing retail rents were in Latin America : Rio de Janeiro, Mexico City and Santiago. But, there are some significant variations between regions and markets. Top 20 most expensive global retail rental cities in the 1st quarter 2010.
SPECIAL STUDIES
Global Retailers : espansion opportunities in 2010 1a
Franchising in Tunisia
4a
was down 1.7%. Demand remains rather stable and retailers continue negotiating with landlords to secure longer free terms and more favorable leases. However, demand of prime retail stores is strong and is confirmed by the stabilization and sometimes by a rental growth in some markets. Americas have still the most expensive cities for retail rents. Los Angeles and Chicago sit in the 12th and 14th positions respectively. The global economic crisis hurt the luxury retailers while discounters better fared. The vacancy rate for every type of...