Over the next three years, retail property is set to deliver average real capital gains of around 1% per year (roughly 3% nominal), lower than the figures of around 3% (5% nominal) in the industrial sector and up to 5% (7% nominal) in the office sector. This is in contrast with the historical experience of post-recession retail outperformance. The retail underperformance that we expect over 2010-12 reflects our view that consumer spending has further to fall.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services