Cushman & Wakefield 2012/2013
Overview Cover photo / Flickr user Zemzina Cannes is world famous for its film festival held annually in May. But as France s leading trade fair and conference location alongside Paris, Cannes has many more events to offer. The city became a venue for the rich and famous when wealthy people built vacation homes in the area at the beginning of the 19th century. With tourism being its primary source of income, Cannes has retained its huge appeal to this day and remains a highly sought-after address. When international luxury retailers want to open flagship stores in France, they target either Paris or Cannes and more specifically La Croisette, the city s most famous promenade. Cannes benefits from excellent transportation links with a well developed highway and train network. But the wealthy clientele from all over the world are most likely to use Cannes-Mandelieu, France s second largest private airport and the city s marina. What s more, Nice Côte d Azur International Airport, which welcomes 10 million passengers a year, is only 24 km from Cannes.
Overview 1.9million Number of tourists of which 65% are foreigners visiting Cannes each year 50 Number of events hosted each year in Cannes 32 Number of luxury hotels located in Cannes
Key Retail Areas & Streets LA CROISETTE When international luxury retailers look to open flagship stores in France, they target either Paris Golden Triangle or La Croisette in Cannes. A 3km promenade fronting the Mediterranean, La Croisette boasts a strong concentration of luxury retail units and some of France s most prestigious hotels. This places it alongside other renowned boulevards such as Rodeo Drive in Beverly Hills, Avenue Montaigne in Paris or Via Montenapoleone in Milan. RUE D ANTIBES Parallel to La Croisette, Rue d Antibes is one of France most prominent retail districts in terms of turnover and a hot destination for locals and tourists alike. Rue d Antibes is home to a wide variety of mass-market to upper-range retailers, including fashion, accessory products and restaurants. Photos / Flickr users Zemzina (top) and flavouz (bottom)
Key Retail Areas & Streets market overview Data as of August 2012 KEY AREAS/ STREETS/SHOPPING CENTERS CONSUMER PROFILE MAJOR RETAILERS PRESENT NEW ENTRANTS TYPICAL RENT FOR UNIT OF 200 SQM RANGE OF UNIT SIZES La Croisette Luxury retailers; tourists Yves Saint-Laurent, Brioni, Bottega Veneta, Boucheron, Bulgari, Cartier, Chopard, Jimmy Choo, Balenciaga, Bulgari, Chanel, Dior, Dolce & Gabbana, Fendi, Gucci, Hermes, Louis Vuitton DSquared², Anne Fontaine, Armani, Roberto Cavalli, Prada, Miu Miu, Moncler 4,000-7,000 100-300sq.m Rue d Antibes Mass-market to mid-end retailers; local shoppers, tourists FNAC, Darty, Etam, Sephora, Zara, Massimo Dutti, Zadig & Voltaire, Diesel, Guess, Jaeger-LeCoultre, Mont-Blanc, Mango, Maje, Tommy Hilfiger Napapijri, GStar, Boggi 2,000-2,500 50-700sq.m All rents quoted are /sq.m Zone A
Food & Beverage Cannes boasts an important number of restaurants and cafes, mainly devoted to its dynamic tourism industry. market overview Data as of August 2012 A concrete illustration of the exciting French Riviera lifestyle, La Croisette generates high pedestrian volumes and is where casinos and luxury hotels are to be found. La Croisette hosts Cannes finest establishments including La Palme d Or (Hôtel Martinez) or Park 45 (Le Grand Hôtel). Other restaurants and bars can be found along La Croisette sandy beaches (L Ondine). Other locations including rue d Antibes and rue Felix Faure offer local residents a wide variety of cafes and food establishments from local operators to national and international fast food chains. KEY AREAS CONSUMER PROFILE food & beverage operators including La Croisette Tourists La Palme d Or (Hôtel Martinez), Le Carlton Restaurant, Le Fouquet s au Majestic Barrière, Park 45 (Grand Hôtel), Felix RENT FOR 350 SQM UNIT N/A
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