To expand on a Berlin-based study that eStrategy Consulting conducted last fall, the research team conducted a wider joint analysis at seven major locations with property consultancy company Jones Lang LaSalle (JLL).
Empty shopping districts threaten not only retailers but also neighboring restaurants and the real estate industry. Retail and location development experts Roland Wöfel and Andreas Haderlein weigh in on the topic.
Physical stores in German cities and municipalities were under pressure long before the corona crisis. The trend of city dwellers relocating to the suburbs and increasing online shopping efficiency has indirectly led to stationary stores' closures.
Since the middle of March 2020, stationary trade in Germany has been closed throughout the country. Exceptions are shops serving the basic supply. The latter are currently experiencing unprecedented sales due to restaurants that are also closed and the trend towards general stockpiling.
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