PLEASING VISITOR NUMBERS AND STRONG FOOD AND DRINK SECTOR

The two most important and popular locations (Remigiusstraße and Sternstraße) are pleasingly stable in terms of pedestrian traffic. In Remigiusstraße, the modest downward trend of recent years was brought to a halt, with a scarcely notable decrease (-1%) to approximately 5,250 individuals and secured Bonn's top location place 27 in the country wide comparison. In Sternstraße pedestrian frequency once again even recorded a rise (+3%) and ranked 40th with 4,650 visitors. Rents in both main locations haven't moved in the past 12 months and are each at the previous year's level with 120 €/m². However, no new rentals have yet been observed in either street, although demand for space remains high. No suitable shops have yet come onto the market, with the result that the usual fluctuation has so far failed to materialise. Nevertheless, this could change in the not-too-distant future, as premium outlet chain Saks OFF 5TH has closed its branch in Remigiusstraße. Karstadt Sports, is in talks to become the successor and is expected to take over the premises in Bonn and many other locations.

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