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Colliers Quarterly | Q4 2019 | Retail

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Retail 1536x1040
We expect to see further reduction in visitor arrivals in 2020, as local tensions continue to pressure the retail market - leading to an overall high street rent decline of 16% for the year. We foresee a gradual rent pick-up from 2021 to 2024 at a single digit annual growth rate as social stability is gradually restored, with rising social stability allowing for a recovery in tourist arrivals and retail sales.

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Colliers Quarterly | Q4 2019 | Retail

Download Report