London and Paris occupy first and second position in the 2009 European Retail Centre Rankings in terms of consumer spending have some of the highest prime rents.
London and Paris occupy first and second position in the 2009 European Retail Centre Rankings in terms of consumer spending have some of the highest prime rents.
The ranking was launched last week by commercial analytics provider Experian and global real estate adviser Jones Lang LaSalle.
According to the two companies, the ranking shows, for the first time, the relationship between consumer spending in European cities and prime retail rents. 'The new rankings have been designed to equip investors, developers and retailers with crucial insights into the best European location opportunities,' they say.
Rome, in third place, edges Milan as the top Italian location, largely due to its importance as a tourist destination and the relative lack of competition to its downtown retail offer. In both cites rents for super-prime units can reach levels commonly found in London and Paris, although their general rental level is much lower.
Italy, Germany and Spain all have two centres each that make the top 10 of the European Rankings. Moscow is the only city in Central and Eastern Europe to break into the top 10.
