Colliers København Delrapport 2023 UK

Other central retail locations

Østerbro Østerbro also ranks as an important non-CBD retail loca tion, fronted by the traditional shopping streets of Østerbro gade and Nordre Frihavnsgade, both providing a varied and high-quality offering of shops run by mainly local retailers and domestic brands. Furthermore, the district features a bustling restaurant and café environment. But unlike Frederiksberg, the district does not boast a centrally located shopping centre. Vesterbro In the district of Vesterbro, Vesterbrogade and to some extent also Istedgade are the main shopping streets. Over the past few years, Vesterbrogade has transformed from a traditional shopping street, today containing a large clus ter of cafés and restaurants, especially on the stretch clos est to the Copenhagen city centre. With the district count ing numerous hotels near Copenhagen Central Station, the great many tourists in the area add to a solid customer base. In recent years, Kødbyen (the meatpacking district) and the new Tivoli Food Hall have served to make the loca tion more vibrant and attractive. In addition, the relatively new Metro station at Enghave Plads has boosted both accessibility and the area’s retail and leisure scene. Nørrebro and Amagerbro The districts of Nørrebro and Amagerbro feature more fragmented shopping streets, including both attractive shop clusters and less prominent locations. Covering a substan tially longer stretch than their Østerbro and Vesterbro coun terparts, the shopping streets of Nørrebrogade and Amager brogade offer a vast number of retail shops. Both Nørrebro and Amagerbro have well-performing shop ping centres: Anchored by two supermarkets, Amager Cen tret provides a wide range of shops with several strong- covenant tenants, including several Bestseller brands, H&M and Flying Tiger. The shopping centre benefits from excel lent accessibility with Amagerbro metro station located on its doorstep. Near Nørrebro station, Nørrebro Bycenter offers a strong mix of domestic and international brands, including H&M, Jack & Jones and Sportmaster. The shop-

Comprising the districts of Østerbro (the east bridge), Nør rebro (the north bridge), Vesterbro (the west bridge) and Amagerbro (the bridge to Amager), ‘brokvartererne’, i.e. the ‘bridge quarters’, form a semi-circle around the Copenhagen high-street area. Furthermore, the sovereign municipality of Frederiksberg is considered a central city district in a retail context. In addition, although traditionally considered more peripheral districts, Valby, Vanløse, Hellerup and Charlotten lund are emerging retail destinations. In general, each of the districts have a main shopping street, local retail areas and a local shopping centre. The composition of residents varies across the districts, but shops typically cater to local require ments, in terms of grocery shops, along with specialty shops and fashion retailers. Mimicking the overall retail market trend, the above city districts have seen a sharp increase in the number of spe cialty shops, including coffee shops, juice bars, bakery shops, cafés and restaurants. At prime locations, vacancy rates are very moderate and re-letting periods often short. Secondary locations, i.e. typically the locations situated the farthest from the Copenhagen city centre, account for most retail vacancies in the districts. market, Frederiksberg stands out as a shopping destination, headed by the thriving shopping streets of Gammel Konge- vej and Falkoner Allé. In addition, the upscale avenue of Frederiksberg Allé, currently considered a slightly more sec ondary location compared to the above-mentioned streets, is expected to see increased footfall. The opening of CityRin gen (M3) has made it possible to transfer to the existing M1/ M2 lines at the metro station situated next to the district’s high-performance shopping centre, Frederiksberg Centret. Benefitting from a large and financially strong catchment area, Frederiksberg Centret, also marketed as FRB.C Shop ping, ranks as a top-performing local shopping centre in Denmark. Following extensive expansion schemes in re- cent years, the shopping centre features 90 quality units arranged over three floors and offers one hour’s free parking in multistorey car park. Frederiksberg Among the central city districts outside the high-street