The Geography of Luxury Retail

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This edition delves into the geography of luxury retail; identifying which cities have had the most luxury store openings this year, what markets offer attractive expansion opportunities, and where are the emerging investment markets in Europe. Savills also details a 2018 outlook for the global luxury retail property market.
The unexpected bounce in luxury spend this year, with forecasts through to 2020 revised upwards, should feed positively into occupational demand in 2018. Improved luxury spend by Chinese consumers points to a resurgence in store requirements in China, and in those markets that receive high numbers of Chinese tourists, such as Hong Kong and Macau. However, this activity will be relativley constrained compared to historical highs with the focus very much on the prime retail locations in these cities.