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The German Retail Property Market: 2003 to today |
15.04.2014 |
| vdp SPOTLIGHT Real Estate offers unique insights into this market segment Recent years have seen the German retail industry undergo considerable structural change. The figures themselves do not seem to be spectacular at first sight: Since 2003, retail selling space rose by 7% or 8 million square meters, in the same time, sales rose by 8% nominally. However, these figures conceal changes, some of the profound. The current edition of the vdp SPOTLIGHT Real estate, written by experts from the banking association's subsidiary vdpResearch, offers a thorough insight into this market segment. Under the limelight are the individual retail formats and how they have developed in recent years. The paper explains why demand for selling space in Germany continues to be high in spite of sales that are shrinking in real terms. All the implications are for the first time explained using the new vdp indices for retail space, which depict the development of capital values, rents under a new lease and empirical cap rates for retail real estate in Germany. |
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