Overview - Jones Lang LaSalle

European Retail Profile 2011
Marseille
Overview
Marseille is the second largest city in France after Paris. It is also
France’s largest commercial port, which still plays an important
role in the city’s economy along with tourism and services. The city
has been selected to be the European Capital of Culture in 2013.
Marseille has many assets, a catchment area of nearly 1.7 million
people and 4 million tourists, including 710,000 cruise ship
passengers.
Location/ 30-Minute Drive Time Study Area Information
Marseille
City Profile
Ranking*
1,535,827
42nd
€19,424
24th
GDP Forecast 2010 to 2015 (% pa)
2.18%
30th
Consumer Spending Forecast
2010 to 2015 (% pa)
1.80%
25th
77
38th
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 Rue de Saint Ferréol
Key Retail Entrants
During 2010 / 2011
Prime Rent
(€/sq m/year)
Pixmania
€1,800
Short-Term
Rental Forecast
Stable
High Street: The high street’s commercial offer is dense and is
spread over several areas near the port.
Rue Saint Ferréol and Rue de Rome have a strong presence of
mass market brands, alongside the iconic Cannebière. Marseille’s
largest department store, Galeries Lafayette, is situated on Rue de
Saint Ferréol.
Rue de la République is another major retail street and is located
at the heart of the Euroméditerranée project, a large residential
and retail scheme which is part of the largest urban renewal
project in France. This project has really brought a new dynamic
to the centre of Marseille, attracting national and international
brands, which was not the case a few years ago.
Rue de Paradis, Rue Francis Davso and Rue Grignan are more
dedicated to high-end retailers and luxury.
Casino Shopping
Naturalia
Rental values remain stable, even if they are significantly less
than Lyon and Bordeaux.
COS
Au Vieux Campeur
Shopping Centres: Several shopping centres are planned.
‘Centre Bourse’ (Klépierre / AXA), in the centre of Marseille, is
refurbishing (25,000 sq m after an extension) and its opening is
planned for end 2013. ‘Les Terrasses du Port’ (Hammerson) will
include 160 shops and restaurants to open in 2014 (52,000 sq m).
A wide selection of brands have already signed to join the project
including Monoprix, Zara, H&M, Apple and Décathlon. The
shopping and entertainment hub of La Capelette (ICADE), near the
Palais Omnisports, will expand the retail provision to the east of
the city (42,500 sq m, opening 2013). The creation of a mixed
urban project around the renovation of Stade Vélodrome is
scheduled for 2014, which will include of a shopping centre of
25,000 sq m.
Shopping Centre
Rue Saint Ferréol
Opening Year
GLA (sq m)
Grand Littoral
1996
Centre Bourse
Grand V La Valentine
Grand Littoral
Location
Key Anchors/Tenants
119,644
City Centre
Carrefour, Go Sport, C&A
13
1977
25,000
City Centre
Fnac, Galeries Lafayette
7
1993
20,000
Out of Town
Go Sport, La Halle, Planète Saturn
-
La Capelette
2013
42,500
City Centre
Auchan Gourmand
-
Le Prado
2014
30,000
City Centre
-
-
Stade Vélodrome
2014
25,000
City Centre
-
-
Les Terrasses du Port
2014
52,000
City Centre
Apple, Monoprix, Zara, H&M, Decathlon
-
78
Annual Visitors (Million)
Metro Station
Prime Rent
€
Railway Station
Shopping Centre/Department Store
Monoprix
Mango
Marionnaud
H&M
Ru
1
1
erré
ol
Galeries Lafayette
Sephora
€1,800
int F
e Sa
Adidas
Zara
Quicksilver
Levis
Virgin
Megastore
Market Profile – Marseille 2011
Jones Lang LaSalle Contacts
Nathalie Razafine, Head of Retail Agency France
James Dolphin, Head of EMEA Retail Agency
Julie Collins, EMEA Retail Research
+33 1 40 55 15 66
+44 20 7852 4623
+44 20 7399 5940
[email protected]
[email protected]
[email protected]
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