EMEA Retail Rents Map - Comparison of Retail Rents in Major Markets across the Region

Paris tops the list with the most expensive prime retail rents, defined as the top open-market rent estimated to be achievable for a unit of the highest quality and specification in the best location, excluding service charges and taxes and not reflecting tenant incentives.

1. Paris - €833
2. London - €807 (Zone A)
3. Zurich - €627
4. Milan - €583
5. Geneva - €470
*All rents quoted are per square meter per month

The cities of Kyiv and Moscow have seen sharp increases in prime rental levels in the past six months, up 30% and 25% respectively. These markets are expected to see a further upswing over the next 12 months, with rising prime rents and yield compression. Maxim Gasiev, Managing Director of Colliers International Russia, said, “These markets are expected to continue to stage a strong recovery, having suffered badly in the aftermath of the global banking crisis. In Moscow the vacancy rate has fallen from 15% in mid-2009 to around 5-8% now, as retailers have begun to seek space in the city once more. The luxury retailer, Prada, has announced plans to open two stores in the city in fall 2011, reflecting the renewed optimism in the market. In Kyiv, demand from retailers to locate in the city currently a bit exceeds supply and we expect this to continue into 2011, pushing rents up further.”

The Colliers International EMEA Retail Rents Map include figures as at 30 September 2010 and include expected movement over the next 12 months.