CBRE “Property companies are lining up to avoid changing a commercial lease”

Featured image of the article CBRE “Property companies are lining up to avoid changing a commercial lease”
Publication

23 February 2022 à 15h00

Updated on 14 March 2022 à 14h07

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2 minutes

Publication: 23 February 2022 à 15h00, Updated on 14 March 2022 à 14h07

Reading time: 2 minutes

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For the past 2 years, Covid-19 has heavily impacted the value of commercial property. For the 10 largest countries in Western Europe, commercial rents fell sharply. Here is a summary in figures from Marina Lavrov, Director A&T Retail at CBRE.
Publication

23 February 2022 à 15h00

Updated on 14 March 2022 à 14h07

Reading time

2 minutes

Publication: 23 February 2022 à 15h00, Updated on 14 March 2022 à 14h07

Reading time: 2 minutes

Share
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What is the state of commercial property in Europe after two years of crisis?

Marina Lavrov: Shopping centers suffered the most, as they have high costs and closed for longer. On average, rents fell by 19% between the end of 2019 and the end of 2021, with falls of 28% in Barcelona and Madrid, and down by 23% in London. In retail streets, European rents fell by an average of 16%. Retail parks, on the other hand, did not experience a decline and occupancy rates were stable.

Have cities suffered...

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