Main Streets Across The World 2009
The global downturn has had a significant impact on the retail property sector, with our annual Main Streets Across the World survey showing falling property rents in the majority of countries for the first time in over twenty years. For 2008 and much of 2009, the general picture has been one of weak retail sales and low consumer confidence, driven by a sharp fall in demand for goods and services around the world, not to mention the reduced availability of credit for business and consumers. Read the full impact of the economic crisis on retail property rents…