Colliers: 2025 set to be watershed year for retail property

Colliers: 2025 set to be watershed year for retail property

Published at: 2018-11-23 09:00 | Author: CIJEurope.com
It will be a further seven years before there is a rebalancing of the physical and online retailing sectors across Europe, Colliers International is forecasting in its latest report. “We are seeing a significant slowdown in e-commerce growth, and we believe that the market share achieved by online retailing in the UK which is about 27 percent, is not going to be repeated elsewhere in Europe,” said Etienne van Unen, Colliers’ co-head of EMEA retail. “For all European subregions, we expect 2025 to be a watershed year as e-commerce spending reaches a point of maturity across these territories.” The future demand for retail space will either come from new retailers or online giants neither of which have the 20th-century “legacy” problems of huge store networks and the crippling costs that these can entail, according to Colliers.

Similar Stories:

Retail sales in Hungary rise 6.6% in October
Retail sales in Hungary increased by 6.6 percent y-o-y, based on raw data, and by 5.7 perc  »
Retail sales in Hungary up by 4.4% in September
Retail sales in Hungary increased by 4.4 percent y-o-y in September based on raw data and  »
Cineplexx to invest €21m in Balkan region
Cineplexx is planning to invest €21m to expand its presence in the Balkan region. This m  »
CBRE SEE strengthening in Southeast Europe
Having opened a new office in Belgrade, CBRE SEE has begun completing investment transacti  »
For many years, it seemed that investors didn’t know what to do with the old building of   »
It’s not uncommon at the peak of an economic boom to see new companies being founded, bu   »
After winning a prize at the MIPIM awards in Cannes, France, the Belgianbased developer Im   »
Deals worth more than €250m were completed on Greece’s commercial real estate market d   »