CBRE's Levy: Retail Has Done Well in the U.S.

The video discusses the performance of luxury retail as a leading asset in commercial real estate over the past seven years, highlighting rising rents and market dynamics in global cities like New York, London, and Hong Kong. It explores the impact of increasing wealth and new market entrants, particularly from China, on luxury spending. The video also examines secondary markets in the US, such as Seattle and Denver, and the balance between flagship stores and online sales in luxury retail strategies.

What has been the trend in luxury retail performance over the past seven years?

• Luxury retail has been the least performing asset type.

• Luxury retail has been declining.

• Luxury retail has been stable.

• Luxury retail has been the top-performing asset type.

Which market is mentioned as having a decreasing rate of spending increase?

• China

• Paris

• London

• New York

What factor is contributing to the rising prices in luxury retail locations?

• Increase in wealth and new market entrants

• Reduction in luxury spending

• Decrease in brand credibility

• Decrease in global wealth

Which U.S. markets are noted for having similar dynamics to New York?

• Los Angeles and San Francisco

• Miami and Austin

• Seattle and Denver

• Portland and Chicago

How have online luxury sales changed over time?

• They have increased from 7% to 10%.

• They have increased from 1% to 7%.

• They have remained at 1%.

• They have decreased from 7% to 1%.