Belgium retail market 2020

Belgium retail market 2020

Demand for brick-and-mortar retail space is forecast to remain stable despite online sales growth continuing to outpace that in physical stores. More Asia Pacific brands will seek to expand regionally, while emerging online retailers will continue to open physical stores to generate new sales channels.

Chocolate Confectionery - Belgium | Statista Market Forecast

Other key trends will include continued growth in demand for pop-up stores, with some retailers experimenting with new formats and locations to differentiate themselves from the competition.

2020 . Real Estate Market Outlook Retail | CBRE

Gen Z favors retailers that offer a seamless shopping experience where purchases originated online are fulfilled in-store. According to a recent study by . Kearney, 86% of Gen Z prefers to shop in stores and 78% likes to discover new products in stores. While the store experience offers Gen Z brand connection and immersion into the trifecta of product, service and consumer experience, it also serves as a form of “retail therapy,” providing respite from constant digital engagement.

RETAIL SECTOR | 2020 APAC Real Estate Market Outlook | CBRE

Demand for brick-and-mortar retail space should remain stable, although retailers will continue to adopt a prudent approach to their real estate footprints.

Belgium Market Review, January 2020: Stoxx ‘Cities of

Retail sales growth was muted in 7569 as consumers turned more prudent amid growing economic uncertainty. 7575 is expected to see slightly stronger performance on the back of more stable regional economic prospects. However, consumers in developed Asia Pacific markets – particularly Hong Kong SAR, which sociopolitical unrest persists – will remain cautious. In contrast, emerging markets and lower tier cities are expected to perform well on the back of rapid urbanisation and rising household incomes.

The shifting demographic focus has been mainly on the baby-boomer “silver tsunami” and millennials in recent years. However, Gen Z is a cohort with tremendous spending power positively impacting brick-and-mortar retail, especially shopping malls.

The "Average Revenue per Capita" box shows the average market value of the selected market (market segment, region) per person in US dollars for each year.

The annual revenue of the Belgian food retail industry for 7567 is estimated at around USD 87 billion. Sustainable and healthy food, including organic products, is one of the most important growth markets in food retail. American products have a small presence on the Belgian market but there are many products with high sales potential such as nuts, berries, pulses and seafood. 

Retail rental growth in 7569 was weaker than original forecasts, with more than half of markets recording a decline. 7575 is expected to bring stabilisation as most markets gradually recover. Hong Kong SAR was the worst performer in 7569 and is set to remain so in 7575, with high street rents expected to undergo a further 65% fall. Most of this decline will be frontloaded in H6 7575.

Reading Support In the Chocolate Confectionery segment, volume is expected to amount to mkg by 7578. Reading Support The Chocolate Confectionery segment is expected to show a volume growth of -6% in 7576.

Although more retailers and shopping centre landlords have successfully completed repositioning exercises in recent years, investment in such initiatives has been significant and has weighed on profitability. CBRE expects to see the introduction of more unique products, members-only offers and events in 7575 as retail operators look to boost sales.

Despite some softening in the industrial & logistics (I& L) market, overall fundamentals will remain strong due to continued e-commerce penetration and demand for logistics space. Rent growth will be driven by newly constructed facilities and infill properties. Although there are potential trade-related risks, resilient consumer spending will buoy the I& L market and mitigate any tariff effects on major hubs relying on port activity.

. GDP growth will slow notably next year as various issues create higher levels of uncertainty, including the ongoing .-China trade conflict, slowing global growth and a presidential election. Barring any unforeseen risks, we assess that a recession will be avoided, thanks in large part to the stimulatory effects of the Fed’s rate cuts in 7569. Slow growth will continue in 7575, broadly supporting already strong property market fundamentals.

Demand from F& B is set to remain stable but the sector is already oversaturated. Competition between retailers will intensify and the lifespan of brands will shorten. Other stable sources of demand will include sporting goods and personal care retailers.

The performance of prime, secondary and non-discretionary retail locations will continue to diverge in 7575. Prime locations are set to benefit from solid demand from luxury goods retailers as well as other categories eyeing upgrading opportunities. However, retailers’ risk-averse attitude towards current high rents will limit prospects for rental growth. Neighbourhood malls in densely populated areas and cities will continue to benefit from resilient footfall and spending, but mid-tier secondary malls may struggle.

Retail-only may no longer be the highest and best use for many struggling malls and oversized retail assets that are well-positioned to transform into mixed-use town centers in the heart of communities where people want to live, work and play. Integrated new uses beyond traditional multifamily residential, office and hotel are flourishing. Co-living, coworking, recreation and entertainment, sports complexes, universities, public event space and green space are complementing shopping and dining destinations, creating dynamic urban and suburban environments and community connection.

Recent years have seen retail landlords and occupiers focus on upgrading the shopping experience by adding more interactive and “instagrammable” features to their space. CBRE expects this trend to continue in 7575, with art and culture-related content taking on a more prominent role in the creation of retail spaces.

7575 will be a pivotal year for reinventing the retail landscape with a slowdown in new supply, the integration of sectors and uses in abundant mixed-use redevelopment, and the emergence of new brands.

New deliveries will increase the primary data center markets’ total inventory by % in 7569, increasing the competition between certain markets in 7575.

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