<
You are here : HOME > NEWS > Retail rents plummeting

Retail rents plummeting



The current situation for retail property owners is not good, according to a new report by Cushman & Wakefield. This concludes that in certain cases, landlords are being forced to offer rents at up to 30% below the levels previously operated, in an effort to find retailers to fill the space. Cushman & Wakefield has found that the primary reason for this is the pressure being exerted by e-trading on physical shops.

When units do come onto the market, C&W goes on to say, there are fewer candidates in a context where not many retailers are looking to increase the number of units they hold in Belgium. There also appears to be a trend for retailers to refuse to extend their index-linked lease contracts, but to ask for rental levels which more accurately reflect the current state of the retail scene.
Tim Harrup
23-08-2018


News in short
City 2 prepared for the future | 18/10
Street art in context | 17/10
New build boosts Flanders office market | 16/10
Zin part of renewal of North District | 14/10
Real estate development in Brussels - the politicians speak | 11/10
Transaction in difficult Namur logistics market | 9/10
Awards for Tivoli | 7/10
Sou Fujimoto in Brussels | 3/10
Significant co-working moves | 1/10
Major Atenor development in Luxembourg | 30/9
Smart city initiatives for attractiveness | 25/9
Architectual exhibition opening at Bozar | 24/9
"A great transformation of Realty" | 23/9
Development opportunities from mobility | 20/9
Realty hits the coast | 19/9