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With the continued improvements of developing commercial real estate markets, the overall world retail situation has improved markedly, according to a report from Cushman & Wakefield.
Emerging markets are expected to experience an average gross domestic product growth rate of 6.3 percent this year, which is significantly higher than the 2.1 percent growth average for top economies. There is also sizable growth for per-capita economies, as from this year to 2020, China expects a jump of 125 percent, while India could rise 200 percent in that time. For the United States and the United Kingdom, each will only grow by about 20 percent.
"There is a tremendous opportunity for increases in personal spending among the fast-growing middle class in emerging markets, and it's creating a new population of shoppers," said Glenn Rufrano, president and chief executive officer for Cushman & Wakefield.
These emerging markets experienced improvements in both high-end and low-end retail companies, the report explained. Furthermore, as more developing nations experience technological improvements, online purchases are expected to grow. From 2011 to 2016, India should have a total of 57.3 percent growth in this category, while the U.S. may only experience about 11.2 percent in growth.
