New Perspective: From Pandemic to Performance

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in France.

In a climate of deep-rooted change in the French retail market, perpetuated by erratic consumption, the luxury sector offers guaranteed robustness. Tourists have been returning to France over the last 2 years, the level of openings and planned openings is increasing, as is the outlook for engagement over the short term: all the ingredients that feed the French luxury retail market are therefore in place for the months ahead.

In France and Southern Europe, increases in rail traffic linked to the arrival of high-speed rail services (TGV), have encouraged the development of an in-station retail offer and blurred the boundaries with the traditional shopping-centre format. We explore the factors driving growth in this unique retail environment.