Market Focus

Germany : Retail letting - Q4 2015

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In 2015, retail lettings/openings registered in the downtown parts of German cities – including A- and B-precincts and inner-city shopping centres – totalled 1,435. Compared with 2014 (1,624), that figure represents a fall of around 10 %, but it was considerably higher than, for instance, in 2013 (1,284). Aggregate take-up in 2015 came to just under 950,000 m² and so, unlike the year before, failed to reach the 1 million m² mark. The trend towards a slight increase in the average size of new leases continued: whereas in 2013 the relevant figure was just over 580 m², in 2015 the average retail letting was close to 660 m². The proportion of the total generated by chain-store operators was nearly 82 % and thus more or less on a par with the level noted in the two previous years. 

Source : BNP Paribas Real Estate 

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