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Retail surprised this year with better-than-expected results. Rents are returning to previous cyclical highs not seen for several years and vacancy is low to non-existent for top high streets, shopping centres and out-of-town locations. The pipeline of demands for 2023 is higher than what is typically seen entering the new year. Despite short-term concerns, retailers understand the long-terms fundamentals that make Luxembourg retail an attractive market.

Luxembourg retail take-up by type

Retail graph