
Global Luxury Retail 2024 Outlook
"Localisation and the Evolving Global Luxury Landscape"
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"Localisation and the Evolving Global Luxury Landscape"

"In the face of subdued sales performance, vacancy continued to contract over Q1 2024, with the prime West End reporting double-digit year-on-year rental growth of 11.7%"
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"The retail sector has continued improving, especially in areas popular with inbound tourists, and there have been more store openings catering to international visitors. Lukewarm domestic consumption should also improve due to noticeable wage growth. While prime areas are performing very well, some non-prime areas are still struggling, showing some bifurcation in the market. The optimistic market sentiment has led some landlords to eye rental increments, in contrast to tenants who already have had operating margins thinned from rising costs, and this gap in expectations is likely to persist."

"Despite easing inflationary pressure positively impacting the direction of consumer confidence, spend growth remains varied by sector whilst anticipation of a recovery is leading to a hiatus in investment activity"
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"While external headwinds persist worldwide, the resurgence in international tourism and the resilience exhibited at the domestic level bode well for longer-term growth."

"Improving consumer fortunes suggests a turning point in occupational performance, so will 2024 be the last chance for a prime bargain in the investment market?"

"December’s Christmas trading results give insight into how different sectors are performing in the current economic climate"

"2024 will be a turning point for the UK commercial property investment market, with higher turnover than 2023 and selective prime yield hardening"
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"Japan is currently experiencing an inbound tourism boom, while the high-end tourism market is relatively underdeveloped and ripe with opportunities. Major visionary players are already deploying significant amounts of capital in prospective fields, anticipating exponential growth and potential demand. Overall, growth prospects are bright, and these developments are likely to accelerate Japan’s transformation into a sustainable tourist destination of the future."

"Mat Oakley discusses why 2024 will be a great opportunity for tactical buyers, and what sectors are likely to recover first and fastest"