The effect the credit crisis and global recession has had on shopping center development has been apparent across the world. There can be absolutely no doubts now that the retail development landscape has changed to varying degrees depending on geography over the last few years. This is not likely to alter significantly in the near future as shopping center owners and developers grapple with the challenges of integrating an increasingly competitive virtual world, where technology is driving a structural change in the retail market and how shoppers want to shop.
The shopping center landscape is constantly evolving around the world and therefore to gain an understanding of the changing dynamics in retail markets, Cushman & Wakefield sampled shopping center inventory throughout the Americas, Europe and Asia. This report provides a mere glimpse into a future filled with growth and opportunity for investors, retailers and consumers alike.