22 September 2023
The retail market increase in Luxembourg
Published
22/09/2023

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


Notre Actualité

02.04.2026

MIMCO announces the start of construction works at Altitude Oriente, a mixed residential programme developed in the Oriente district of Lisbon, in close proximity to Lisboa Oriente Train Station.

Announcement

30.03.2026

MIMCO Group announces the launch of the structural works phase of The Butler project, a mixed‑use real estate development located in the Bourmicht district of Bertrange. Underway since December 2024, the construction site reaches a decisive new milestone in the delivery of this innovative programme.

Announcement

19.03.2026

MIMCO and Foncière Renaissance successfully complete the acquisition of the building located at 91 avenue des Champs‑Élysées (Paris 8th), for a total amount of €320 million.

Announcement

09.03.2026

Against a backdrop of profound change in the commercial real estate market, MIMCO has published a new white paper on the evolution of the office in Europe: The Return of the Office – more human‑centered, more lifestyle‑oriented, and more flexible.

Announcement

Back
Scroll