Prime rents remain stable in the fourth quarter for all covered retail assets. The leasing market is active with yet vacancy for high street retail in Stockholm moving up short term to 8%, a development expected to turn around as the demand for space in this area is high. Shopping center vacancy has moved down in both Stockholm and especially in Malmö.
The retail segment had a challenging investment year in 2023 with a 51% drop in volume compared to 2022. Yields have all increased between 35-80 bps YoY. The last quarter included 12 deals of mainly big box, but also supermarket and shopping center transactions, many with grocery tenants.
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