. home.aspx

NEWS

home.aspx
   


Kuwait’s retail sector keeps high occupancy levels of 93%

July 07, 2019 / Staff Writer, The Saudi Gazette

Development activity across the retail sector remains buoyant with approximately 167,000 square metres of gross leasable area set to be handed over between 2020 and 2021. Kuwait’s retail demand remains split between popular community centers that have a focus on F&B concepts as well as larger scale regional shopping centers, with the later continuing to demonstrate very high occupancy rates and stable leasing rates - according to a new report by the global real estate advisory firm, CBRE. The Market Snapshot also reveals that development activity across the retail sector remains buoyant with approximately 167,000 square metres of gross leasable area (GLA) set to be handed over between 2020 and 2021.