Luxembourg Retail MarketView Q3 2023

Luxembourg welcomes new restaurant and café offers

November 15, 2023 7 Minute Read

Retail MarketView_972x1296

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  • Economic forecasts for Luxembourg are stable in recent months, with solid growth of 2.5% expected
    next year.
  • Retail take-up through Q3 moderated compared to an active 2022, with pubs and restaurants noting
    strong occupier activity.
  • Vacancy is low to non-existent for top high streets, shopping centres and out-of-town locations.
  • Prime rents have slightly decreased to 1,800 €/m²/year (excl VAT).
  • Investment has ground to a hault from rising rates and bid-ask spreads and limited available assets.