09/30/2024 | Press release | Distributed by Public on 09/30/2024 15:48
New York, NY and Paris, France (September 30, 2024) - Newmark announces the release of its second research report on the French retail market. Citing strong leasing activity and declining inflation as drivers, the report shows optimism in the retail sector and predicts solid activity for 2024 and into 2025.
"The France retail market has withstood numerous tests and changes in consumer behavior in recent years, and this report shows some of the many reasons we remain optimistic," said Antoine Salmon, Co-Head of Retail Leasing, Newmark France. "We have seen a diversity of new brands and store types with interest in opening new locations in Paris. With improving unemployment and inflation, along with the rebound in international visitor numbers, we expect to see an active leasing market this year and into 2025."
Additional highlights from the Newmark France research report include:
Co-authors of the report David Bourla, Newmark's Head of Research for France, and Antoine Salmon are among the several new hires who joined Newmark's recently established Paris, France flagship, which opened in March. The launch of the office attracted several of Paris' top commercial real estate professionals, including, industry veterans Francois Blin and Emmanuel Frénot to lead the team, Vianney d'Ersu as Co-Head of Retail Leasing and Jérôme De Laboulaye and Nicolas Coutant as Managing Directors.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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