Swiss based Location Group released today in Zurich its latest Retail Market Study, the first such comprehensive report in terms of coverage and data. The report is divided in 3 books with a total of 1,500 pages (Europe / Middle East, Asia & Pacific / North & Latin America), covering 150 cities worldwide, 800 high streets, 500 malls, 1.000 retailers, 3,000 new store openings
Among the key findings of the report are:
Purchasing power across several European countries has seen a major decline between 2007-2013. Germany leads in terms of purchasing power, estimated at €1,68 million in 2013, while per capita purchasing stood at €20,621. Switzerland leads in terms of per capita purchasing at €36,351, while its overall purchasing power is estimated at €289,163.
Oxford Street (London) registered a record rent average at €10,245/sqm in Q1 of 2013, while Champs Elysees (Paris) registered an average rent of €18,000. Milan’s Via Montenapoleone saw an average of €7,157/sqm, followed by Via Spiga at €4,850/sqm. Moscow trails other major European capitals, with average rents between €5,833/sqm and €5,100/sqm. Madrid registered in 2013 its lowest rents since 2008, down 40%, with high street Calle Serano at an average rent of €1,800.
Most expensive global highstreets in 2013 (average rents):
Fifth Avenue (New York) – €23,307/sqm
Queen’s Road (Hong Kong) – €19,528/sqm
New Bond Street (London) – €16,038/sqm
Champs Elysees (Paris) – €15,051/sqm
Bahnhofstrasse (Zurich) – €11,316/sqm
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