Market Report 2022

Colliers Market Report 2022 Retail -

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Emerging from the shadows of the pandemic The coronacrisis has helped to further accelerate change, withmainlymajor shopping centres and shops in local high streets and prime locations proving the most resilient.

Shops in top locations have to a less extent been forced to revise their traditional business concept. Grocery stores and shops demonstrating adaptability have been the least affected, with restaurants e.g. introducing takeaway services during the lockdowns. Although usually not located on the high street, shopping cen tres have despite lockdowns also been relatively less affected, having been able to retain/restore footfall because of their ten ant mix and strong customer magnets, including large super

markets. This underpins the importance of strong anchor ten ants as they have proved unsusceptible to both economic downturns and crises. Consumer confidence also suffered a blow when the coro nacrisis broke: In the retail market, consumer spending tem porarily slowed, ending many years’ growth driven by ris ing incomes and low unemployment. For the first time since 2013, most Danes had a negative perception of their current and future financial situation. Unemployment concerns were