Aarhus Locations MR2020

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Location descriptions | Aarhus – Market Report 2020

Thanks to its location, many visitors to Aarhus are automatically directed through the shopping centre. In terms of footfall, Bruun’s Galleri is therefore among the best-per- forming shopping centres in Denmark. Shopping centres outside central Aarhus include Storcenter Nord to the north and CityVest to the west. Both are well-functioning shopping centres that cater to the needs and requirements of the population in the immediate catchment area. The clusters of big box outlets, located around Tilst and Skejby, are less susceptible to changes in market conditions thanks to their ability to achieve synergies in a wider catch- ment area and their ability to offer a greater variety of goods. Their strategic location combined with the predominance of large, well-capitalised chains have cushioned them from large-scale vacancies. Major customer magnets in Skejby include IKEA, ILVA, Silvan, STARK and Elgiganten. In Tilst, the most popular big box stores include Bilka, Elgiganten, BAUHAUS, Babysam, Power and Harald Nyborg.

RETAIL

Change

Market Expectations

Typical rent levels

2017 6,750 3,200 2,900 2,000 3,150 1,700

2018 7,000 3,400 3,000 2,300 3,350 1,800

2019 7,000 3,600 3,200 2,500 3,500 2,000

2010 2019-20 2020

6,250 3,500 3,100 2,250 3,500 2,000

-11% -3% -3% -10%

Prime

Aarhus high street (upper end)

Secondary

Aarhus high street (lower end)

0% 0%

Aarhus Latin Quarter

Note: Rent levels quoted in DKK per sq m p.a. exclusive of operating costs and taxes. Market expectations indicate trend forecast for the next 12 months. Source: Colliers