Prime rents of shopping centers in European cities 2021| ��ƽ��

Rental prices of prime shopping center real estate in selected European cities in 1st half 2021 (in euros per square meter per month)

Characteristic	Monthly cost per square meter in euros
Frankfurt	280
London	209.1
Dusseldorf	180
Berlin	160
Hamburg	150
Dublin	123.3
Warsaw	120
Prague	120
Birmingham	117.6
Manchester	117.6
Rotterdam	108.3
Oslo	102.4
Moscow	99.3
Leeds	99.3
Munich	90
Stuttgard	90
Vienna	90
Utrecht	87.5
St Petersburg	84.2
Copenhagen	78.5
Glasgow	78.4
Barcelona	75
The Hague	75
Stockholm	74.2
Madrid	70
Bucharest	70
Amsterdam	66.7
Bristol	65.3
Rome	65
Helsinki	60

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Release date

August 2021

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Region

Europe

Survey time period

June 2021

Supplementary notes

The source adds the following information: "Top open market rent that could be expected for an in-line unit of standard size within a prime centre. The figure does not include service charges and taxes, and does not reflect tenant incentives."

Currency Rates (30/06/2021 - ECB):
1 EUR = 0.86 GBP (United Kingdom),
10.11 SEK (Sweden), 10.17 NOK (Norway),
7.43 DKK (Denmark), 1.19 USD (Egypt,
Georgia, Russia, Turkey, UAE, Ukraine),
4.42 SAR (KSA), 17.01 ZAR (South Africa).

Citation formats

Prime locations for shopping centers include main streets and city centers of European cities, and factors such as the main flow of customers, the amount of space to handle the sales volume expected, as well as the direct competition and neighbors all have a great impact on projected sales. Specifically, space requirements must be carefully tailored to usage requirements, as rent typically proves to be high.

Rental prices of prime shopping centers real estate in Europe

According to the data presented, the most expensive retail space in shopping centers was rented out in Frankfurt, where on average prices were 280 euros per square meter per month as of June 2021. In comparison, the most expensive cities for high street retail were London and Paris, where monthly prime rents were close to 2,000 euros per square meter.

Coronavirus and commercial real estate

Among the many impacts of the coronavirus (COVID-19) are the drop in foot traffic and sales at high street shops and shopping centers due to the lockdown and social distancing measures, but also the increase of e-commerce. Shopping out of the convenience of your own home increases the focus on the importance of logistical warehousing real estate.