Retail Market Report | 2020

Shopping Streets Vienna

Vienna | City

For years, the city centre was the big winner of the outstanding development in tourism, which is why it is currently hardest hit by the dramatic decline in city tourism. Significant successes bear no relevance at present, like the fact that prior to corona the Graben reached higher pedestrian frequencies than Mariahilfer Straße for the first time. For most of the city centre, particularly the “Golden U” comprising Kärntner Straße, Graben and Kohlmarkt as well as the “Goldenes Quartier”, the recovery of city tourism is crucial for getting back on the path to success. With some limitations, this also applies to Rotenturmstraße, which was able to make significant gains prior to corona owing to its redesign into a shared zone and new, attractive gastronomy concepts such as Le Burger and Max & Benito. Thus at EUR 130/sqm, rents have already approached the more affordable sections of the “Golden U”. Despite the current downturn in tourism, neither investors nor future tenants should underestimate the city centre’s mid- and long-term potential. The historic centre is one of the world’s prime locations, and iconic shoe brand Christian Louboutin’s plan for a flagship store on Tuchlauben (which was postponed at short notice) underscores the long- term attractiveness of Vienna for international luxury retailers.

Alexander McQueen

Saint Laurent

Emporio Armani

Prada

MiuMiu

Valentino

Louis Vuitton

Chanel

Meinl am Graben

Jimmy Choo

Napapijri

Cartier

Hermès

TOD's

Dior

Giorgio Armani

Breitling

Escada

Dolce & Gabbana

Tiffany & Co

Fendi

Michael Kors

Gucci

Zegna

Swatch

Cafe Demel

Salvatore Ferragamo

Triumph

Hilfiger

Moncler

Massimo Dutti

IWC Schaffhausen

Zara

Loro Piana

Furla Karl Lagerfeld

Paul & Shark

Nespresso

Läderach (EÖ 2021)

H&M

WMF

Bipa

& Other Stories

Foot Locker

Apple Store

Cheese & More

Ray Ban

50 D mand groups Short-term Apparel Bedarfsgruppen

Kaufhaus Steffl

±

100 Kurzfristbedarf Bekleidung m

Hugo Boss

0

Hausrat, Elektrowaren Sonstiges Wohnungseinrichtung H me furnishi gs Household, elec. appliances Miscellaneous Retail-supporting supply Vacancies S i g mall Shopping Mall Leerstand EH-begl. Angebot

Mango

Peek & Cloppenburg

Swarovski

Rituals

Calzedonia

L'Occitane

Lage

ocation

Guess

Benetton

Chanel Beauty Boutique

Fußgängerzone Begegnungszone Pedestrian zone Shar d zo e

Sacher Eck

As of Q4 2020

Zara Home

INTERNATIONAL PROPERTY CONSULTANTS

Meter

“Car-free city” and the consequences

CHARTERED SURVEYORS

0

100

200

the city centre remains accessible by car. In any case, the retail sector has had consistently good experiences with traffic restrictions. The recent criticism by the district about the loss of parking spaces in the scope of Rotenturmstraße’s redesign not likely to have any negative effects either, as only a minority of customers drive into the first district.

The announcement of further restrictions for automotive traffic also deserves attention. As the slogan “car-free city” is likely to be greatly exaggerated, there is no need for major concern.

A few additional pedestrian and shared zones should have positive consequences as long as

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