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Retail Rents Stay Stable in Europe

LONDON-Despite the trouble with debt by many European countries, retail rents at top properties have stayed stable, though yields have dropped, according to Colliers International.

By Robert Carr | Updated on November 14, 2011

LONDON-Even though most of the world is sweating the ability of the 27-member Eurozone’s ability to get a handle on debt, the strong retail markets in the countries stayed stable, according to a recent second half Colliers International report. The majority of markets surveyed reported stable prime rents, although almost a dozen reported some growth from the first to third quarter, according to the company’s EMEA Retail Rents Map.

Both prime retail streets and shopping centers reported relatively stable rates, but declining yields, according to the report. Retail streets with notable rent increases were reported  in Oslo and Riga with gains of 7% and 10%, respectively, Notable rent increases for shopping centers were seen in Leeds and Milan, pushed upwards by 8% and 11% respectively, Colliers said in a statement.

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