FOOD AND BEVERAGE RETAILERS ARE BECOMING INCREASINGLY IMPORTANT
With a good 6,600 pedestrians per hour, Königstraße once again secures a place among the 15 most frequented shopping streets in Germany, an almost exact repeat of the previous year. Due to the healthy relationship between supply and demand, top rent for a typical 100 m² shop remains high at up to 275 €/m², which corresponds to eighth place in a Germany-wide comparison. Last year saw a disproportionately large number of contracts concluded in Königstraße against a long-term comparison and the same market in the first six months of 2019 has so far been somewhat more restrained. The most prominent deals were the new store of Italian fashion label Patrizia Pepe on the corner of Stiftstraße and a lease by Würth. The tool retailer, which in 2017 opened its first store focused on serving the end customer, is moving to a new location a few house numbers away. Viewing the many new developments and regenerations that are currently being carried out or are in the planning phase it's clear that Stuttgart's main shopping street is in a state of flux and that new dynamics can be expected in the near future.
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