Upward pressure prime retail locations
CBRE's latest Market View Dutch Retail Property Market concludes that the amount of vacant retail space will continue to grow. Consumer confidence fell back in recent months, after a cautious positive sentiment in early 2011. The market of larger units at prime locations becomes tighter due to the wish of foreign retailers to open a brandstore or flagshipstore.
This may bring about an upward pressure on the rents at these particular shopping locations. At the same time the interest of investors, particularly domestic parties, will also
remain focused on prime assets, but the availability of these properties is rather limited.
The retail investment market was quiet in Q2 and no retailportfolio was traded. Around €207 million was invested in Dutch retail space, against €672 million in 2010 Q2. The market was completely dominated by Dutch investors.
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