Focus report Copenhagen - Colliers Denmark 2024

RETAIL - COLLIERS FOCUS REPORT COPENHAGEN 2024

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INDUSTRIAL/LOGISTICS RETAIL RESIDENTIAL OFFICE

Copenhagen Strøget/high street The following is a brief introduction to retail destinations in central Copenhagen, including the Copenhagen high street, and other important retail destinations.

Strøget/Købmagergade Made up of the pedestrian streets of Strøget and Købmagergade, the Copenhagen high street runs some 1.8 km with specific locations considered either prime or secondary. Prime high-street retail locations are typi cally found at Østergade, the Amagertorv square and the upper end of Købmagergade, defined as the stretch from Amagertorv to the Skindergade area. Secondary loca tions include the remaining parts of Strøget, terminating at Rådhuspladsen (City Hall Square), and the stretch of Købmagergade from Skindergade to Kultorvet and Frederiksborggade, including the Nørreport station area. Unlike other more localised shopping streets, Strøget is highly dependent on sales to tourists. After a period char acterised by COVID-19 and travel restrictions, tourists are

returning to Copenhagen. From an economic perspective, overseas tourists are particularly sought after. It is worth noting that high-spending Chinese tourists have yet to return to the same extent as before the pandemic, despite the lifting of various restrictions. The Amagertorv area and the upper end of Købma gergade feature a mix of international brand retailers and the Illum department store. The area is experiencing high demand, and we see a general trend of more high-profile brands moving from other prime locations on Strøget, including Østergade, to move closer to Amagertorv. This includes brands such as Burberry and Gant.

The exclusive brand Louis Vuitton has chosen to renew its presence in the area by moving into Café Norden's