People of Cushman & Wakefield Echinox
August 2018: The rate of shopping centre development in Europe is slowing, with completions down 23% year-on-year at 3.8 million sq m 2017, according to Cushman & Wakefield’s latest European Shopping Centres report.
- 8 million sq m of new shopping centre space was delivered to the market in 2017, 23% less than in 2016
- Total European shopping centre floorspace stood at 166.5 million sq m at the start of 2018, up 2.3% on 12 months previously
- Development pipeline shows 6.6 million sq m set to complete during 2018 and 2019
