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Luxury in motion: U.S. luxury retail persists in the face of uncertainty
Luxury retail faces uncertainty, but store growth continues
Property management
Retail
Authors
JC
James Cook
Director of Research, Retail, JLL
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Key findings
Luxury retail faces uncertainty, but store growth continues
New luxury retail square footage increased by 65.1% in H1 2025
Luxury loves New York
Constrained construction creates premium for quality retail space
Luxury brands expect tariff, consumer headwinds
Gen Z & millennials drive sales growth
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