Savills – European Retail Market, Nov 2024

Savills has released its "European Retail Market" report for November 2024, providing insights into the current state and future outlook of the retail sector across Europe. The report indicates that retail occupier markets are strengthening, characterized by lower vacancy rates and positive rental growth across many locations. Leading the retail sales growth in 2024 are Eastern European markets, which are forecast to rebound from the negative growth recorded last year. Despite Europe's recent economic performance, some of the continent's more evolved retail warehouse markets have actually flourished. Retailers focusing on essential goods have continued to drive footfall to the most successful out-of-town schemes across Europe over the last few years. The countries of Eastern Europe are increasingly recognizing this, which is why they have seen the most significant growth in grocery-related specialist retailers across the continent.