Figures

Luxembourg Retail MarketView Q2 2024

Diverse food and beverage concepts continue to lead retail activity

September 4, 2024 7 Minute Read

Retail MarketView_972x1296

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  • Luxembourg has turned out of the recession and is projected to achieve robust growth next year.
  • Retail take-up was on the low side through the first half of the year, but activity is limited by few quality
    availabilities and new development, particularly in the periphery.
  • AAA locations experience almost no vacancies, while secondary and tertiary locations count some
    availabilities.
  • High street prime rents have slightly moderated to 1,800 €/m²/year (excl VAT).
  • Investment is still subdued in the Grand Duchy, with one retail deal recorded this deal - a private
    investor acquiring an out-of-town property from Nextensa.