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Streetfront rents in almost every region of the world moved lower over the first few months of 2009. As the global recession reduced demand for som eof the world's most prime real estate, rents came down by double digits in most markets, and in some cases, by 50%. With lower lease rates, retailers with strong balance sheets may feel it is a good time to expand into markets that were previously too expensive or difficult to penetrate. The emergence of a sizable middle class in Asisa Pacific, the middle east and central and western Europe is a trend that retailers are expected to watch closely. For a complete copy of this comprehensive research document, please click the link below.
Contact Pam Macfarlane at 902.423.1825 for more information.
  RetailGlobalHighlightsSpring2009HiRes.pdf
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