PEDESTRIANIZATION FOR REVITALIZATION
Although it will take until the end of 2020 for the city rail tunnel to go into operation and for surface traffic to be permanently withdrawn ('combi-solution'), progress in construction and the disappearance of many building site fences have already led to a significant revival in Karlsruhe's most important shopping street. The most recent footfall survey, with over 5,900 people, showed a significant increase over the previous year (+15%), bringing the Fan City up to 20th place in the nationwide ranking (2018: 31st place). Rents in Karlsruhe represent a promising market for many retailers. The top rent of 95 €/m² is considerably more moderate than in other large cities with a comparable number of pedestrians. There is increased demand interest generated by the imminent transformation of Kaiserstraße into a pedestrian zone and a series of urban beautification programs. In the first half of 2019 alone, more than ten new lettings and a take-up of almost 3,900 m² were recorded. These include such prominent tenants as the outdoor specialist Globetrotter (successor tenant to Esprit) and the Hanseatic retailer Tchibo, which traditionally opens its branches in high-footfall locations.
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