HIGHEST FOOTFALL FOR OVER FIVE YEARS
The Erfurt retail market can look back on a successful first half of 2019. With a downtown take-up of 2,900 m², the previous year's overall result was exceeded by almost a third. Four lettings were recorded in the first six months of the year, while a total of six lettings or openings were recorded in 2018. That said, the big constant on the Erfurt retail market is still the top rent, which has remained at 90 €/m² for 8 years now. The Thuringian city is bucking the trend of declining rents, which can be somewhat observed in cities of comparable size. Top rent is fetched for typical 100 m² stores on the Anger. The highest visitor volume of the last seven years was measured on this, the most important shopping street in Erfurt and a result of 5,900 people bodes well for the retail market. In this context, it is not surprising that demand for suitable shop space continues to be high. In addition to Danish furniture store Søstrene Grene, which celebrated the opening of its store in spring, Anger acquired a branch of experiential restaurant Peter Pane and a branch of the Nahrstedt bakery chain.
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