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Vacancy on Copenhagen's high street has compressed to 6.0% from 11.3% over the past year, with 17 vacant units of 284 total, reflecting demand strengthening and property refurbishments including Bestseller's overhaul and Louis Vuitton's relocation. The fashion segment has increased its share of retail stores from 42% to 46% (131 of 284 shops), driven by flagship openings and emerging brands, while average asking rents for high street retail space stand at DKK 9,200 per square meter (gross), with rents ranging between DKK 4,000 and DKK 16,000 per square meter.
The Marketbeat Portugal Retail Q1 2026 report analyzes Portugal's retail market, covering demand trends, rental rates, and development activity across retail formats including shopping centers and retail parks. Key findings include Portugal's GDP growth of 2.3% outperforming the Euro Area, 68 new shop openings in Q1 2026 (a 13% increase year-on-year), a 209,300 square meter retail development pipeline over three years with 96% dedicated to retail parks, and stable prime rents across all formats with expected upward adjustments in the near term.

This is a retail market report published by CBRE on December 31, 2025, examining the resilience of prime shopping streets in The Hague, Netherlands, specifically focusing on Spuistraat and Grote Marktstraat.
The Cushman & Wakefield High Street Retail Report 2025 analyzes retail market performance in Lisbon and Porto, finding that 2024 marked a growth period for high street retail in both cities, with Lisbon's store count increasing 12% since 2019 and luxury and premium segments showing particular dynamism. The report identifies supply constraints as a limiting factor despite rising demand, with rents reaching record levels—Lisbon's Chiado and Avenida da Liberdade saw increases of €10/m²/month in 2024, while Porto's Rua de Santa Catarina and Avenida dos Aliados experienced increases of €5/m²/month and €2.5/m²/month respectively.

The Focus Report Copenhagen 2025 by Colliers covers the commercial property market in Copenhagen across five segments: office, retail, residential, industrial and logistics, providing market insights, historical rent developments, and key transaction data for Denmark's largest urban area of 1.4 million inhabitants. The report's main findings include that the office market shows a bright outlook with expected annual employment growth of 1.45% through 2028 and low vacancy rates around 7% despite construction activity declining 64% between 2021-2024, while the residential rental market remains robust and the industrial and logistics sector shows healthy occupancy with prospects for continued rental growth.

Cushman & Wakefield's Q3 2025 MarketBeat report on UK retail and leisure markets covers recovery across virtually all sub-sectors in 2025, with improving retailer sentiment driven by three consecutive months of year-on-year retail sales growth, though optimism is tempered by anticipated fiscal tightening in the November budget and economic uncertainty. Key findings indicate supply remained stable at approximately 8% vacancy, total retail investment volumes stayed in line with long-term Q1-Q3 averages at +1%, prime retail assets saw increased activity including URW's 25% acquisition of St James Quarter and 50% stake in the Bullring, and international new entrants and Asian brand expansion are driving global retail demand in the UK market.

BNP Paribas Real Estate's H1 2025 Investment Market report for Stuttgart documents commercial real estate transaction activity, finding approximately €183 million invested across the first half of 2025 (€71 million in Q1 and €112 million in Q2), representing 70% below the long-term average despite a marginal 2% year-over-year increase. Logistics assets dominated with 58.4% market share, office investments accounted for 30.6%, prime yields remained stable at 4.40% for office, 4.25% for logistics, and 3.85% for retail, while 69.4% of investment concentration shifted to the periphery driven by logistics deals, with no transactions exceeding €50 million completed.

This is a real estate market outlook report published by CBRE on December 31, 2024, covering investment opportunities and sector performance in Oslo, Norway for 2025, with coverage spanning office, multifamily, retail, and industrial sectors along with capital markets analysis.

CRE recovery is intact, but widening dispersion across property types and markets underscores a K-shaped, more uneven path forward.

Record CRE pricing persists despite macro shocks, with a shift toward smaller, older properties at higher valuations.

Restaurant franchisors shift focus to franchisee support, with implications for net lease real estate performance.

Data-driven strategies like void analysis and mobility data reshape retail leasing decisions.

Pharmacy chains face regulatory and real estate pressures affecting net lease landlords and investors.
The CRE market is no longer waiting for lower rates or policy clarity; it is learning to operate without either.

Cushman & Wakefield's Netherlands Retail Q4 2025 MarketBeat report covers the investment and occupier markets, documenting retail investment volume reaching nearly €1.3 billion in 2025 with activity driven by mid-sized transactions while larger deals were postponed due to capital market uncertainty and geopolitical tensions. The report finds that retail volume sales increased approximately 2% year-on-year supported by resilient consumer demand, with high streets accounting for roughly a quarter of total retail investment volume and sports brands maintaining active expansion while the drugstore segment faces intensified competition and pricing pressure.

Cushman & Wakefield's Q3 2025 Netherlands retail market report shows that investment volume reached €877 million, 56% higher year-over-year, though growth slowed during summer months, while the occupier market experienced renewed high-street sales growth and declining vacancy at 6.3% despite retailers managing elevated costs. The report identifies wide bid-ask spreads, foreign capital constraints due to tax issues, and limited high-quality supply as key challenges, while noting strong demand for convenience retail and retail parks, and opportunities for discounters as the mid-price segment continues to disappear.

In the first half of 2025, Netherlands retail investment volume reached €750 million, more than doubling compared to the first half of 2024, with the out-of-town segment rising from €20 million in Q1 to over €117 million by Q2, driven partly by French SCPI fund activity. The occupier market showed discounters expanding in high streets at the expense of mid-price retailers, sports brands moving into larger stores to offer flexible layouts, and foreign drugstore brands entering the Dutch market while established players remained inactive due to high rental costs.

Poland's retail market added approximately 545,000 sqm of gross lettable area in 2025, with Q4 contributing 314,000 sqm—the strongest quarterly growth since 2016—driven primarily by retail parks (75% of new supply) while total retail stock reached 17.26 million sqm. Poland's economy grew 3.8% year-on-year in Q3 2025 fueled by domestic consumption and investment, retail sales rose 4.4% year-on-year through November, and 31 retailers opened first brick-and-mortar locations in the country during 2025, with shopping centre footfall and turnover recovering in December ahead of the Christmas season.

Krakow's 2026 real estate market report by Knight Frank covers office, retail, warehouse, hotel, and residential sectors, presenting market data and trends across Poland's leading regional business center. Key findings include office market take-up reaching a historic high of 269,500 sq m in 2025 with a 18.4% vacancy rate, retail stock at 658,000 sq m with exceptionally low 2.6% vacancy, and warehouse stock exceeding 1.2 million sq m with 2.8% vacancy amid constrained supply.

Czech Republic's retail market delivered 57,300 sq m of new retail space in Q4 2025, bringing modern retail stock to 4.0 million sq m, with prime rents rising across all segments—high street rents increased 6.8% year-over-year to €235 per sq m per month, shopping centre rents rose 12.7% to €160 per sq m, and retail park rents gained 10.3% to €16 per sq m. The economy is expected to maintain solid growth in 2026 before stabilizing toward 2027, supported by strong domestic demand and household consumption, with approximately 119,700 sq m of retail space under construction as of end-2025.

This is a market report published by Colliers on September 30, 2025, providing an investment market overview for Prague and the Czech Republic in the third quarter of 2025. The report covers capital markets activity and investment trends across the multifamily, office, and retail sectors in the Prague market.

Poland's commercial real estate investment market reached EUR 2.6 billion in total volume during the first three quarters of 2025, representing an 8% year-on-year decline but maintaining over 100 closed deals and signaling anticipated recovery in Q4. The office sector led investment activity with EUR 899 million (34% of total volume), followed by the warehouse sector with EUR 873 million showing 18% year-on-year growth, while Polish domestic capital achieved a record 22% share of total investment originating from Poland, reflecting increased appetite among local investors for commercial real estate.

Cushman & Wakefield's Helsinki Retail Q1 2026 report analyzes the Finnish capital's retail market amid continued economic growth constrained by geopolitical uncertainty, with GDP growth forecast at 0.6% for 2026 and 1.4% for 2027. The report indicates prime retail rents at €102 per square meter, prime yields ranging from 5.4% for high street to 7.0% for retail warehouses, approximately 45,500 square meters of new retail space completed during 2024–2025 with 35,000 square meters under construction, and growing occupier activity driven by foreign brand interest and demand for big-box discount retail assets.

JLL's Q4 2025 analysis of Zurich's high street retail market reports that prime rents on Bahnhofstrasse increased 26% over five years to reach CHF 10,750 per square meter annually by end-2025, ranking third in Europe behind Paris and London, with vacancy rates held below 1% by strong brand demand. The report attributes continued retail sector strength to Zurich's top-ranking European purchasing power position.

This is a real estate market outlook and forecast report published by CBRE on December 31, 2025, covering the Finland real estate market with focus on capital markets activity. The report includes coverage of Helsinki and broader Finnish real estate sectors.

During the first seven months of 2025, the Finnish real estate transaction volume reached EUR 2.5 billion, 75% higher than the previous year, with transaction numbers growing 40% and retail property sector volume tripling to EUR 620 million. Prime residential yield declined by 10 basis points to 4.3%, while office vacancy in the Helsinki metropolitan area reached a record-high 17.0% in the second quarter, with foreign investors accounting for 53% of total transaction volume.

The Luxembourg Retail MarketBeat H2 2025 report covers the Luxembourg retail property sector's performance in 2025, providing economic context, occupier market trends, and investment activity analysis. Full-year 2025 retail take-up reached 24,360 square meters across 57 transactions with prime rents stable at €145/sq m/month for high street, €90 for shopping centres, and €25 for out-of-town locations, while investment volume totaled €188 million across 2 transactions with prime yields holding steady at 4.50% for high street, 6.00% for out-of-town, and 6.25% for shopping centres.

Cushman & Wakefield's Sweden Retail Q4 2025 MarketBeat report covers economic indicators, occupier market conditions, and investment activity for Swedish retail real estate, documenting metrics including inflation at 2.3%, unemployment at 8.2%, and retail investment volume of SEK 15.3 billion for full-year 2025 (a 40% increase from 2024). Key findings indicate high street prime rents recorded growth in Q4 after remaining flat since March 2024, prime yields compressed to 3.95% for high street assets and 5.80% for retail parks, and retail sales rose 5.5% year-over-year driven by durables sales growth of 8.5%.

Belgium's retail market achieved 562,000 square meters of take-up in 2025 across 1,049 transactions, outperforming the ten-year average by approximately 30 percent, while investment volume reached €2.155 billion, well above historical averages. The broader Belgian economy showed slow but steady growth of 1.02 percent in 2025 with inflation at 2.2 percent, stable financing conditions, and an unemployment rate of 6.15 percent, supporting expectations for modest continued growth around 1 percent in 2026 with prime high street rents rising to €1,750 per square meter annually and shopping centre prime yields at 6.00 percent.

Cushman & Wakefield's Italy Retail Q4 2025 MarketBeat report examines the Italian retail real estate market, finding that Q4 2025 volumes reached €1.2 billion, bringing full-year investment to €3.5 billion with retail as the top-performing sector, while prime rents remained broadly stable with Milan at €20,000 per square meter annually and Rome at €16,000, and prime yields are expected to compress over 2026. The report notes Italy's economy showed weak but resilient growth of 0.5–0.6% for full-year 2025, with inflation easing to around 1.1–1.2% and an unemployment rate of 5.9%, while occupier demand remained strong in prime locations with brands including Mizuno, Champion, and Normal opening flagships, and the 2026 Milano-Cortina Winter Olympics stimulating retailer activity in mountain destinations.

JLL's 2025 review of Belgian commercial real estate documents major trends across offices, industrial and logistics, retail, and investment markets, with take-up in offices exceeding 360,000 m² (70% in Grade A buildings) while vacancy in Greater Brussels remained at 7.8% and rental values reached a record €193/m²/year on average. The investment market reached approximately 4.3 billion euros by early December, with industrial real estate recording an absolute record of 1.3 billion euros and Ultra High Net Worth private investors accounting for nearly a quarter of total volume, while the 2026 outlook remains cautious due to economic uncertainties and geopolitical conditions.

Cushman & Wakefield's 2025 High Street Retail Report analyzes the high street retail markets of Lisbon and Porto, examining supply, demand, luxury and premium segments, and prime rental levels across both Portuguese cities. The report finds that 2024 marked growth in high street retail driven by increased demand from national and international brands seeking avant-garde, technological, and sustainable concepts, though limited retail space supply constrained expansion, particularly in prime luxury locations such as Avenida da Liberdade in Lisbon and Avenida dos Aliados in Porto, with the food and beverage sector being the most prominent among new occupancies.

In Q4 2025, Ireland's retail investment market recorded €210.5 million across 9 deals with an average deal size of €23.4 million, down 29% from 2024's €733.4 million in 33 deals, with major transactions including the €110 million sale of Jervis Shopping Centre to Pradera and the €36 million LIDL portfolio sale to ICG. High street prime rental growth reached +1.0%, retail warehouse rental growth +11.4%, and shopping centre rental growth +4.0%, while consumer sentiment declined 17.2% year-on-year but showed signs of improvement in Q4, supported by low unemployment at 5%, average weekly earnings growth of 4.9%, and household deposits of €161 billion.

Italy's retail market in Q3 2025 showed cautious stability with GDP growth of 0.4% year-on-year, unemployment near 6%, and inflation at 2%, while prime rents remained flat in Milan (€20,000/sqm/year) and Rome (€16,000/sqm/year), with strong investor demand driving retail investment activity to approximately €1.1 billion in the quarter. Shopping center yields compressed by 25 basis points to 6.75%, and retailers including Lululemon, Alo Yoga, and Autry opened new locations in prime high-street areas, with further yield compression expected through late 2025 and into 2026 amid improving credit conditions and recovering retail turnover.

Cushman & Wakefield's Q3 2025 Ireland retail report documents €94 million in transaction volume across 9 deals—a 41% decline from Q2 and 65% decline year-over-year—with major sales including The Arena Centre (€33 million), car showrooms in Swords (€24.5 million), and Nutgrove Retail Centre (€11.9 million), concentrated primarily in Dublin. Prime high street rental growth slowed to +0.2% year-over-year, while retail warehouse rentals grew 9.2% and shopping centre rentals 1.8%, supported by modest improvements in consumer sentiment (61.7 in September, though below the long-run average of 83.8) and retail sales volume growth of 3.5%.

This is a retail market report published by CBRE in June 2025 covering the first half of 2025 in Belgium, with a focus on Brussels. The report provides market analysis and insights for the retail sector in the Belgian market during the H1 2025 period.

Cushman & Wakefield's Italy Retail Q2 2025 MarketBeat report covers the Italian retail property market, documenting prime rents (Milan €20,000/sqm/yr, Rome €16,000/sqm/yr, shopping centers €1,200/sqm/yr) and yields alongside macroeconomic conditions including 0.5% GDP growth and 5.90% unemployment. Investment activity increased 16% quarter-over-quarter to €670 million in Q2, bringing H1 2025 to €1.240 billion and doubling H1 2024 volumes, while occupier demand strengthened with new entries from sportswear and lifestyle brands (Lululemon, Alo Yoga, Autry) driven partly by anticipation of the 2026 Milano-Cortina Winter Olympics.

JLL's H1 2025 review of Belgian commercial real estate reports approximately €1.6 billion in total transaction volume, with industrial real estate reaching €768 million (nearly half the total), office investment at €216 million (the lowest since 2012), and retail at €346 million, while industrial vacancy remains below 3% nationally but occupier demand has weakened across most segments. The document projects 2025 will become the most successful year ever for Belgian industrial real estate investment due to major transactions including the €300 million Weerts portfolio sale to Intervest, while office sector remains subdued despite strong rental rates in Brussels (€400/sq m/year) and office take-up concentrating 75% in Grade A buildings.

This is a first-quarter 2026 retail market report published by Colliers covering Madrid and Barcelona, Spain.

This Cushman & Wakefield report analyzes Spain's retail market in Q4 2025, documenting economic growth of 2.9% annual GDP, retail sales growth of 3.3% year-on-year in November 2025, and record tourism of 97 million international visitors, while noting strong performance in fashion (5.1% growth) and food and beverage sectors (4.5% growth) across shopping centres. Investment in the Spanish retail sector reached €2.48 billion in 2025, representing a 22% increase year-on-year, with shopping centres and retail parks accounting for 70% of total retail investment and prime yields contracting to 6.25% for shopping centres and falling to 3.60% for high street properties.

The Knight Frank UK Retail Monitor for Q3 2025 provides quarterly updates on key retail data across all subsectors and current market sentiment, covering consumer confidence, retail sales, footfall, occupier markets, and investment activity. The document reports that retail sales values grew by 3.2% year-over-year in Q3 with volumes up 1.5%, consumer confidence improved marginally in October, retail vacancy rates dipped below 15% for the first time since 2020, and total retail investment volumes declined to £1.37bn in Q3 2025 compared to £1.63bn in Q2 2025.

This is a market report published by Knight Frank at the end of 2025 covering the Central London retail sector. The dashboard presents data and market conditions for the fourth quarter of 2025.

Knight Frank's 2025 Scotland Report provides a cross-sector review of the Scottish commercial real estate market covering offices, manufacturing, and retail, finding that while leasing activity shows resilience particularly in major centers with concentrated demand for high-quality assets, legacy stock faces obsolescence risk and secondary properties struggle to attract investment unless significantly repriced. The report details that Edinburgh office take-up grew 62% in 2024 underpinned by a major HBOS lease of 282,000 square feet, Glasgow take-up rose 37%, and prime rents have increased notably with Edinburgh experiencing 30% growth since March 2020, though new development pipelines remain constrained with only 38,361 square feet of new space available in Edinburgh.

Total retail investment volumes in 2025 are forecast to reach £5.83 billion, down 17% on 2024 and 8% below the 10-year average, with underperformance driven primarily by a shortage of large-scale shopping centre availability in the first half and significant retail warehousing slowdown in the second half. All retail sub-sectors showed strong occupational performance in 2025 with declining vacancy rates (down to 13.5% nationally, the lowest since COVID), rental growth projected at 3.2% (the strongest since 2006), and shopping centres and foodstores emerging as top-performing asset classes alongside retail warehousing, with the sector forecast to deliver total returns of 9.5% in 2026.

This is a market report published by JLL in March 2026 covering retail sector dynamics in Ottawa, Ontario, Canada.

Calgary office vacancy reached 21.2% in Q1 2026, down 200 basis points from a year ago. Industrial vacancy was essentially flat at 5.2%, up just 10 basis points from the prior quarter, while retail vacancy rose to 4.7% at year-end 2025 from 3.6% in Q3 2025.

Calgary's retail market in Q1 2026 showed a total vacancy rate of 3.2% with 46.5 million square feet of inventory and average achieved rents of $37.60 per square foot, supported by a resilient economy, strong labour market, and healthy demand for grocery-anchored and service-based retailers. The report identifies three key trends: evolving consumer preferences driving demand for experiential and convenience retail, federal-provincial childcare funding reshaping the market with increased absorption of commercial real estate by non-profit operators, and Competition Bureau enforcement creating new legal risks around exclusivity clauses and restrictive covenants in retail leases across all sectors.

Ottawa's retail market experienced rising vacancy and mixed performance across property types in the second half of 2025, with overall vacancy increasing 140 basis points to 4.9% as regional malls surged to 10.3% vacancy following Hudson's Bay closures that added over 330,000 square feet of vacant space. Overall gross asking rent increased modestly by $0.12 per square foot to $41.99 psf, while community malls showed positive absorption and downtown core rents rose to $53.22 psf, though the broader economy faced headwinds with Ottawa's unemployment rate reaching 7.3% and the national rate at 6.5% in November 2025.

Edmonton's retail market demonstrates resilience with a 4.9% vacancy rate (up 0.4% from 2024), 37.9 million square feet of total inventory (up 365,000 sf from 2024), 543,000 square feet under construction year-to-date 2025, and average base rent of $36.14 per square foot (up $3.88 from 2024), signaling ongoing recovery and stability following pandemic disruptions. The document identifies three key retail trends: Edmonton leads Canada in per capita retail expenditures driven by energy-sector employment and population growth; federal-provincial childcare funding has reshaped the market toward non-profit and preschool-only operators; and Competition Bureau enforcement has placed new scrutiny on exclusivity clauses and restrictive covenants in retail leases across all sectors.

This is a market report published by Colliers in June 2025 covering the retail sector in downtown Montreal during the first half of 2025.

This is a market report published by Colliers on June 21, 2026, covering the retail sector in Greater Vancouver, British Columbia for the first half of 2026.

This is a market report published by JLL in March 2026 covering retail market conditions and dynamics in Montreal, Quebec. The report provides analysis of the Montreal retail sector during the spring 2026 period.

This is a retail market report published by JLL in March 2026 covering the Vancouver market dynamics during the spring season. The report addresses the retail sector in Vancouver, British Columbia, Canada.

This is a retail market report for Pittsburgh published by Colliers in March 2026, covering the Pittsburgh, Pennsylvania market within a national context.

Cushman & Wakefield's Vancouver Retail MarketBeat for year-end 2025 reports that overall retail vacancy rose to 6.8% across the market, with regional malls declining to 10.1% vacancy despite Hudson's Bay and Saks Off 5th closures, community malls rising to 3.4%, and core office tower retail at 9.3%, while high-street asking rents remained stable to strong with Alberni Street commanding the highest rate at $173.33 per square foot. British Columbia's economy is expected to grow 1.2% in 2026 with retail sales projected to moderate to 2.8% growth, though retail strata sales transactions remained subdued in 2025 with average pricing reaching $1,133 per square foot while developers increasingly incorporate income-generating components like hotels into mixed-use projects to improve financial viability.

This is a data report published by CBRE on June 30, 2025, presenting retail market figures for Oklahoma City covering the first half of 2025.

The St. Louis Retail Report for 1Q26, published by Newmark Zimmer, examines retail market conditions in the St. Louis region, documenting net absorption of negative 179,870 square feet over the past four quarters driven by tariff-driven uncertainty and cautious tenant behavior, alongside select transaction sales including a 50,000 SF Dick's Sporting Goods property for $13.3 million and other retail assets across multiple submarkets. The report presents market overview data showing the metro vacancy rate increased 30 basis points year-over-year to 4.0%, while the National Retail Federation projects U.S. retail sales growth of 4.4% in 2026, and local market news highlights expansion by chains such as Checkers & Rally's and adaptive reuse projects including Slick City Action Park.

Investment activity in the Kansas City market reached $4.2 billion in total sales volume over the past year, representing a 20.6% increase compared to the prior five-year average, with multifamily and retail assets accounting for 66.1% of activity and the metro area ranking fourth among the 13 largest Midwest markets. Capitalization rates compressed by 98 basis points year-over-year to 6.1% in first quarter 2026, rental rates reached record highs in industrial ($6.23 per square foot) and multifamily ($1,430 per unit) sectors, and vacancy rates declined year-over-year in office, multifamily, and industrial property types.

Kansas City's retail market outperformed regional and national benchmarks in early 2026, with leasing activity exceeding new deliveries by six-to-one over the past four quarters, occupancy at 95.4%, and investment volume reaching $725 million in the preceding 12 months—a 55.5% year-over-year increase. The National Retail Federation projects U.S. retail sales to grow 4.4% year-over-year in 2026 to approximately $5.6 trillion, supported by stable employment, wage growth, and healthy household balance sheets, though risks including inflationary pressures and geopolitical uncertainty remain.

This Cushman & Wakefield market report analyzes Richmond, Virginia's retail real estate market in Q1 2026, covering economy, supply, demand, and pricing across 27 submarkets totaling 79.5 million square feet of inventory. The document finds that Richmond's retail market experienced sustained job growth with 18.1% increase in job postings since February 2020, overall vacancy compressed to 3.4%, asking rents for new development ranged from $42 to $55 per square foot, and sales volume reached $61 million for the quarter including a Hobby Lobby location sale for $9.7 million.