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While a relatively small share of the commercial real estate market in Europe, retail real estate is crucial to the functioning of any city or town. In recent years, brick-and-mortar retailers have been under increasing pressure from the growing eCommerce market: a trend that has further been accelerated by the coronavirus (COVID-19) crisis. During the pandemic European retailers suffered reduced footfall and consumer spending, leading to closures, increased vacancies, and drop in investment activity. Nevertheless, with European economies on the path to recovery and vaccination underway, early signs of rebound have started to show.