E-Commerce in the Post-Pandemic Era (Update)

CBRE’s latest report reviews whether key European markets have experienced a lasting e-commerce growth effect as a result of COVID, and the associated implications for retail real estate. Key highlights include:

• Europe’s top six e-commerce markets account for over 70% of total European e-commerce spending

• Most markets have returned to, or are behind, their pre-pandemic trend rate of e-commerce growth. Spain is an outlier, having grown almost a year ahead of trend

• Footfall and tenant sales across European retail assets have largely recovered, and continue to improve