The Potential Investment Opportunity
Overall, U.S. retail fundamentals have experienced a recovery to above-average levels after years of structural headwinds. Meanwhile, Asia remains in the midst of a continuing recovery, now almost equaling the U.S. in average regional retail fundamental performance. Europe has lagged, but it’s worth noting that this data is limited to “High Street,"1 a sub-type that had been hit by lower foot traffic in many European downtown submarkets.
1The European retail market is comprised of various subtypes similar to the categories of the U.S., but with an additional sub-type called “High Street.” This category includes smaller shops, usually on busy shopping streets which may offer luxury items for tourists as well as local shoppers.
