The retail occupational market remains polarised, with core markets enjoying healthy levels of demand from a range of local and international retailers, but there is little or no interest in secondary locations. New entrants are typically targeting prime shopping thoroughfares in Paris for their first stores, with locations such as the Marais district particularly sought after.
Elsewhere, many existing occupiers are still looking to rationalize their store portfolios and distribution networks, which is driving up vacancy rates in the weakest markets. Prime rents are under pressure to rise from current levels in top Paris high streets, while rents are stable in key regional markets.
Source : Cushman & Wakefield