The retail market increase in Luxembourg
A study by Cushman & Wakefield Luxembourg explains that the retail market reached a 32,000m2 occupancy in 2018, an increase of 11%, despite the growth of e-commerce.
With the extension of the City Concorde, the upcoming arrivals of the Royal Hamilius and the shopping center at the Cloche d'Or, the "physical" trade should still have good days in Luxembourg.
This is confirmed by a recent study by Cushman & Wakefield Luxembourg, which announces that the retail market has, in 2018, one of its best years since 2010, with a takeover of 32,000 m2, an increase of 11%.
Luxembourg before its neighbors on e-commerce
The sector occupies a total of 650.000m2, of which 48% are occupied by shopping centers, explain our colleagues of L'essentiel. And 92 million euros were invested last year in the retail market.
Cushman & Wakefield Luxembourg also states that rents cost an average of € 2,160 / m2 per year in the Grand-Rue in Luxembourg, and € 1,080 / m2 per year in the station area.
E-commerce is not forgotten in this study, since we learn that 80% of 16-74 year olds ordered online in Luxembourg in 2017, a figure higher than those found among our Belgian neighbors (60%) , French (67%) and German (75%).
Source : Paperjam