Pan-European footfall analysis (high streets / day)
56,900
LONDON
Regent Street
1 2 3 4 5 6 7 8 9
PARIS
Avenue des Champs-Elysées
45,500
37,400
BARCELONA
Passeig de Gràcia
MUNICH
Theatinerstraße
36,400
COPENHAGEN
Ostergade
30,900
28,200
DÜSSELDORF
Königsallee
COPENHAGEN
Amagertorv
24,300 24,100
ROME
Via dei Condotti
VIENNA
Kohlmarkt
21,600 21,500
Mixed mass-market to luxury Luxury
LONDON
King‘s Road
10 11 12 13
ROME
Via del Babuino
19,000 18,800
MADRID
Calle Serrano
LONDON
New Bond Street
15,100
Source: BNP Paribas Real Estate
in the peripheral urban development areas. Included here are classical local suppliers like supermarkets and drugstores, but the close proximity to potential tenants and the absence of dominating market players create good starting conditions for gastronomy, services, doctors’ offices and smaller specialty shops.
consumers from travelling to peripheral shopping centres. Using public transport for shopping in the city has, consequently, become an attractive alternative because an increasing number of retailers are offering high-quality delivery services that solve the potential problems with package transport.
Parking permits have little effect
Rents in the top high streets
In March 2022, the City of Vienna extended mandato- ry parking permits for nearly all areas within the city limits up to 10pm – but the uproar was much less heated than expected. This new regulation has, however, not led to any major changes in shopping behaviour. The changes are more a result of the sharp rise in fuel prices, which has prevented numerous
Net rent EUR /sqm/month
Kohlmarkt
300 - 600 180 - 400 150 - 350 50 - 130 45 - 160
Graben
Kärntner Straße Rotenturmstraße
Innere Mariahilfer Straße
Neubaugasse
50 - 120 Source: EHL Market Research | Q3 2022
Impact of the COVID-19 crisis on retail trade EU-27, development of retail volume according to product groups, January 2020 to March 2022
160
140
120
100
80
60
40
20
Mail orders & internet
Fuel
Department store
Non-food (except fuel)
Total retail trade Food
Computers & telecom. equipment Textiles, clothing & footwear
Source: Eurostat/BNP Paribas Real Estate
11
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