CBRE study finds retail parks are the most resilient retail format in Europe

In Europe, retail parks have been the best performing and most resilient retail format prior to and throughout the COVID-19 pandemic, resulting in a slight compression in yields by 25 basis points since the beginning of the year, according to new research by CBRE commissioned by Mitiska REIM.

In a market analysis by CBRE of retail parks across Belgium, the research found that for key metrics such as vacancy rates, rents, yields, capital values and footfall, retail parks have proven to be a resilient value proposition and have performed better than high streets and shopping centers both during and after the lockdowns as a consequence of the pandemic. These findings are in line with Mitiska REIM’s analysis of its own portfolio of more than 70 retail parks across 11 countries in Western, Central and Eastern Europe, and is supported by research reports in other European markets.

Furthermore, the research found retail parks have experienced a faster and more substantial r