A shopping street in the city center is increasingly living up to its name | Economy

A shopping street in the city center is increasingly living up to its name | Economy
A shopping street in the city center is increasingly living up to its name | Economy
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Shopping streets in the city centers are increasingly living up to their name. When the buildings become vacant, catering establishments or something else such as a nail studio or tattoo shop are often established there.

No more shops were added in any city center in the past year. And in only one city, Schiedam, the number of shops remained the same. This is evident from the annual survey of the retail landscape in the Netherlands by real estate advisor Colliers.

“More than half of the retail spaces are now no longer shops,” says a Colliers spokesperson. That is still 45 percent. Shops have made way for catering, services or culture and relaxation.

Fast food catering most often replaces shops, followed by nail salons and tattoo parlors. Offices or homes are also sometimes built in former shop premises. “In terms of stores, it is mainly clothing stores that are leaving the field. This concerns a thousand stores in ten years, leaving less than 3,700.”

The total vacancy rate of retail properties is increasing again. Last year the trough seemed to have been reached with 6 percent of the total. There is now even more vacancy: 6.4 percent. In the inner cities it is even 8 percent and 8.3 percent respectively.

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