Detailed content of our market study

Inforamtion

Number of pages : ~ 40 pages
Format : Digital and PDF versions
Last update : 20/12/2021

Summary and extracts

1 Market overview

1.1 Definition and presentation

The shopping center is a group of signs of gallery gathered within a shopping mall. First appearing in the United States at the beginning of the 20th century, shopping centres have developed rapidly throughout the world. In Belgium and in Europe, the growth of shopping centres, in size as well as in number, is now faced with the surge of e-commerce which reduces its margins and increases its vacancy rate.

However, shopping centre operators are adapting to the new shopping habits of consumers. In Belgium, the customer base is increasingly young and male. In a small country, the three largest shopping centres are located in Wijnegem, Louvain-la-Neuve and Brussels.

A shopping centre is a real estate complex comprising various cells containing retail outlets, restaurants and technical premises, connected by pedestrian traffic areas, all of which are usually housed under the same roof. It encompasses built and unbuilt spaces that constitute a legal entity managed by a company that issues commercial leases.

Since 2000, nearly 5 million square meters of retail space have been created each year worldwide. However, the overall structure of shopping centres and the services they offer will change in the future. It is the millennials who will partly drive this change in consumption through their habits.

In Belgium, there will be 10% less retail space rented in 2020 than in 2019, and a decrease in the number of transactions of -16%. Shopping centres seem to be in the early stages of a difficult period, which has been accentuated by the health crisis, and which is forcing shopping centres to reinvent themselves and diversify into new activities to continue to attract customers.

2 Analysis of the demand

3 Market structure

4 Analysis of the offer

5 Regulation

6 Positioning of the actors

List of charts presented in this market study

Breakdown of spending in global shopping centres
Change in turnover from "other retail sale in non-specialised stores" (NAF code 47.19)
Development of the gross turnover index in "other retail trade in non-specialised stores
Level of importance of measures implemented at the point of purchase according to the respondents
Evolution of take-up by place of purchase segment
Shopping habits before the health crisis
Trends in the use of shopping establishments after the health crisis
E-commerce turnover
Distribution of the market by type of commercial area
Evolution of the average vacancy of commercial areas on a national scale
Distribution of average high rents by retail format
Evolution of rental prices in shopping centres
Area occupied by type of store in retail parks of more than 10,000 m²
The most dynamic retailers in terms of entity creation
The most dynamic retailers in terms of area creation
Distribution of consumer spending in shopping centres by category

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Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

CBRE

Wereldhave Belgium

Willemen Real Estate (Willemen Group)

Eurocommercial Properties

Ceusters SCMS

AG Real Estate

AIMCo

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