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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.










| 23/08/2018

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