In its latest report, “European Luxury Retail 2025”, the real estate specialist observes a slight slowdown in the opening of luxury stores in the most prestigious shopping streets in Europe. But this consolidation is not only linked to the slowdown in the growth of the sector, but also to the increasing scarcity of available space. And the race for square meters is expected to continue in full force in 2025, particularly in Paris.
Rarer and more expensive: the finest European thoroughfares earmarked for luxury goods are not playing the accessibility card…
And despite the more difficult market conditions, the battle for the most prestigious locations continues.
83 openings in 2024 compared to 107 in 2023
The very latest report, “European Luxury Retail 2025”, published by the real estate specialist Cushman & Wakefield, takes stock of new luxury store openings in Europe in 2024, and provides evidence to support this observation.
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Read also > Luxury Houses Aim for Physical Expansion in Europe, According to Cushman & Wakefield Study
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