According to a current study by the real estate company JLL, the clothing trade in this country is continuing to expand. JLL announced on Friday that the industry’s share of the retail space newly rented so far this year has amounted to 37 percent. Clothing stores, young fashion concepts and textile discounters were the most keen to grow.
According to the findings of the real estate experts, new tenants found a total of 100,500 square meters of retail space nationwide in the first quarter. Of these, 55 percent were in the “ten largest trading metropolises”.
The Hanseatic City of Hamburg took the lead with new leases for a total of 17,200 square meters. The main reasons were new leases in the Überseequartier shopping center, which is still under construction, and a large lease by the clothing retailer C&A on Mönckebergstrasse, explained JLL. Berlin fell to second place by area (14,200 square meters) but recorded the highest number of deals at 25. Third place in the list of new rentals went to Stuttgart with 4,900 square meters.
Dirk Wichner, Head of Retail Leasing at JLL Germany, summarized the results of the latest study: “Anyone who looks at our inner cities today will see – despite many prophecies of doom – the importance of retail and the shopping experience in our inner cities,” he emphasized in a message. “The high footfall and the stable take-up of space in German shopping streets reflect the confidence of all players, especially in these challenging times for the retail trade.” However, it is “unmistakable” that “the concentration on the best locations with the best shopping experiences” will continue continue, says Wichner.