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Shopping centres to disappear by 2030

Eurobuild CEE 05 December 2017

EUROPE Shopping centres will become just ‘centres’ and will reinvent themselves as mixed-use destinations, according to the ‘Future of Retail 2030’ report by CBRE.

The consultancy claims that healthcare, education and leisure facilities are all to become a fundamental part of the shopping centre. Landlords and developers will begin to create integrated communities in which to live, work and shop “The speed of change may catch some people unexpectedly, as the mindset and requirements of the consumer will evolve more quickly than the industry can adapt. This means that investors and occupiers need to prepare and be ahead of the changing trends and not wait to adopt them as they happen,” said Andrew Phipps, head of UK & EMEA retail research at CBRE.

CBRE’s Future of Retail 2030 looks at 40 “futurist” predictions on how the world of retail will change – amid changes that affect urban environments, retail operations, logistics and consumer lifestyles as well as other trends within the industry.

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