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Are Stockholm retail rents poised to take-off again?

Retail rental values in Stockholm ended 2013 strongly, rising by 2%q/q in Q4. This pushed the annual rate of rental growth above 2% for the first time since mid-2012. We expect rental growth to accelerate even further from here, as the consumer sector gains momentum. But rents will not takeoff in the same way they did in the past two cyclical upturns.

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