JLL’s Retail Luxury Report 2023 is now live.
Key trends:
- Luxury retailers leased 650,000 sqft of space last year
- Sunbelt cities make up growing share of luxury leasing
- Malls accounted for almost 40% of overall luxury retail leasing
- Economic concerns will impact the aspirational luxury customer
- Luxury sales reach $70 billion in 2022
- “Quiet” luxury is making some serious noise
The report also includes notable luxury openings, key luxury themes for 2023 and beyond, Class A malls that are attracting luxury brands, prime urban corridors and more!
Download here.
If you’d like to speak to an expert, please let me know.
- Naveen Jaggi, President of Retail Advisory Services, JLL
- Kristin Mueller, President of Retail Property Management, JLL
- Ebere Anokute, Manager, Retail Research, JLL
