19th century. With tourism being its primary source of income, Cannes has retained its huge appeal to this day and remai
Global Cities Retail guide Cushman & Wakefield 2012/2013
cannes
Global Cities Retail guide
cannes 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.
CUSHMAN & WAKEFIELD
Global Cities Retail guide
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
CUSHMAN & WAKEFIELD
Global Cities Retail guide
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) CUSHMAN & WAKEFIELD
Global Cities Retail guide
cannes 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
CUSHMAN & WAKEFIELD
Global Cities Retail guide
cannes Food & Beverage Cannes boasts an important number of restaurants and cafes, mainly devoted to its dynamic tourism industry. 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.
market overview
Data as of August 2012
KEY AREAS
CONSUMER PROFILE
food & beverage operators including
RENT FOR 350 SQM UNIT
La Croisette
Tourists
La Palme d’Or (Hôtel Martinez), Le Carlton Restaurant, Le Fouquet’s au Majestic Barrière, Park 45 (Grand Hôtel), Felix
N/A
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No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. © 2012 Cushman & Wakefield, Inc. All rights reserved. CUSHMAN & WAKEFIELD