Overview - Jones Lang LaSalle

European Retail Profile 2011
Paris
Overview
Paris is one of the world’s leading tourist destinations and,
likewise, one of the best retail locations along with London and
New York. It continues to attract the biggest international and
national brands that inevitably look to the city to open flagship
stores.
Location/ 30-Minute Drive Time Study Area Information
Paris
City Profile
Ranking*
9,341,737
3rd
€24,456
4th
GDP Forecast 2010 to 2015 (% pa)
1.57%
43rd
Consumer Spending Forecast
2010 to 2015 (% pa)
1.61%
30th
164
2nd
Study Area Population
Study Area Purchasing Power / Capita
Cross-Border Retailer Attractiveness Index*
(Average = 100)
*based on analysis of 55 European cities
GDP & Consumer Spending source: Oxford Economics 2011. Study Area source: MBI 2010.
High Street Prime Rental Information
for Avenue des Champs-Elysées
Key Retail Entrants
During 2010 / 2011
Prime Rent
(€/sq m/year)
Marks & Spencer
Short-Term
Rental Forecast
€10,000
Stable
Avenue des Champs-Elysées
High Street: Both shopping centres and high streets are attractive
to the city shoppers, with centrally-located Parisians preferring
areas such as the Champs-Elysées, Opéra and Boulevard
Haussmann while those living on the periphery go to suburban
shopping centres Rosny 2 or Velizy 2. Rents have soared on the
Champs-Elysées in recent years as demand has far outstripped
supply – especially on the even-numbered side which enjoys more
sun. Luxury retail can be found throughout the city, with the
highest concentration of brands being on Avenue Montaigne and
on Faubourg Saint-Honoré.
Rental growth stuttered in 2009 as a reaction to supply issues and
negative indexation on leases. However, demand has risen
significantly from the beginning of 2010, especially among
international retailers, and availability for prime locations is now
extremely limited. The low vacancy rate on prime streets is
stabilising rental values.
Karen Millen
Jack Wolfskin
Hema
Abercrombie & Fitch
Shopping Centres: Two Unibail-Rodamco developments will be
among the largest shopping centres to be developed in the next
few years: the Aeroville project (50,000 sq m) and the Eiffel, a
48,000-sq m mall, with Leclerc and Marionnaud as anchors. These
two projects will open in 2013. Within the city centre, the extension
and refurbishment of Beaugrenelle omprising a 20,000 sq m
renovation and 45,000 sq m extension is also due to be delivered
in 2013.
Shopping Centre
Belle Epine
Les Quatre Temps
Opening
Year
GLA
(sq m)
Location
Key Anchors/Tenants
1971
140,900
Edge of Town
C&A, Carrefour, Darty, Galeries Lafayette, H&M
Annual Visitors
(Million)
-
Les Quatre Temps
1981
130,000
Edge of Town
Toys R Us, Castorama, Auchan, Zara, Virgin, H&M, Uniqlo
38.5
Velizy 2
1972
106,300
Edge of Town
Auchan, H&M, Printemps, C&A, Darty, Fnac, Gap
16.4
15.4
Rosny 2
1973
106,000
Edge of Town
Carrefour, BHV, Galeries Lafayette, C&A, Darty, H&M, Zara
Val d’Europe
2000
98,400
Suburbs
H&M, Zara, Gap, Desigual, Auchan, Massimo Dutti
Parly 2
1969
93,000
Edge of Town
Monoprix, Fnac, BHV, Decathlon, Printemps, C&A, Truffaut
O’Parinor
1974
90,000
Edge of Town
C&A, Carrefour, Saturn, Fnac, New Look, H&M, Darty
13.5
Carré Sénart
2002
70,600
Suburbs
C&A, Carrefour, Darty, Go Sport, H&M, Virgin, Zara
14.3
Forum des Halles
1979
60,000
City Centre
Fnac, H&M, Go Sport, Darty, Etam, New Look
40.4
Italie 2
1976
56,700
City Centre
Champion, Printemps, Fnac, Tati, Go Sport, Darty, Zara
15.0
90
14.1
Market Profile – Paris 2011
€5,000–
10,000
Dinh
Van
Marks &
H&M
Ave
spencer
nue
des
Virgin
Ch
Nespresso
Mégastore
Hugo amps Séphora
E
ly
Boss
Louis sées
Zara
Vuitton
Oméga
Banana
Republic
Gap
Nike
Abercrombie & Fitch
Hilfiger Stores
€6,000–
7,500
Boulevard Ha
3
ussmann
Chanel
Ralph
Louis
Lauren
Vuitton e
n
g
tai
Dior
on
M
Armani
ue
n
e
Av
Prada
Dolce &
Gabana
Mango
H&M
2
Gap
Benetton
Gucci
Zara
€1,500–
4,600
Tally
Weijl
Hugo
€2,000–
Boss
6,000 Rue
Sa i
Oméga
nt H
ono
Maje
ré
Gucci
Paul Ka
Miu Miu
Mac
Colette
€1,300 –
3,500
Esprit
Quicksilver
Adidas
Desigual
H&M
Séphora
Ru e
Zara
Etam
€
de R
Gap
ivoli
Railway Station
1
BHV
Prime Rent
Metro Station
2
Galeries Lafayette
+33 1 40 55 15 66
+44 20 7852 4623
+44 20 7399 5940
1
Levi’s Store
Shopping Centre/Department Store
Jones Lang LaSalle Contacts
Nathalie Razafine, Head of Retail Agency France
James Dolphin, Head of EMEA Retail Agency
Julie Collins, EMEA Retail Research
Mango
3
Printemps
[email protected]
[email protected]
[email protected]
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