Wednesday, August 11, 2010

Good market prospects for stable rental

The opening of Erlangen arcades in 2007 was for the urban traders in the Franconian town, despite the integrated position of the center at first a challenge. Now, the market recovered.

This is the assessment of the recent reports of towns Comfort Munich to Erlangen. Following the re-opening the main road which was once one of the top shopping streets was "made primarily in the area behind the market place considerably weaker," Manfred pulls A. Schalk, Managing Director of Munich Comfort, balance sheet. After all, entered with the opening of the arcade place more than 150 specialty stores in the market. Shall complete the construction of the existing services by 17,500 sqm of retail space plus 2,500 square meters for services, catering, and consumer-health.

B & L enters the market

Three years after the opening of the market has caught. Rents in the Nuremberg street and on top of the main street are small compared to the previous year remained constant. For a retail space of 80 sqm and 120 sqm tenants pay about 65 € / sqm, for larger areas between 300 sqm and 500 sqm on average 35 € / sqm.

Recently it was also obtained for 11 of the Nuremberg street young fashion-party mango. Parallel Triumph opened a shop in the commercial building at the Nuremberg 28th Street Connect the other hand, was built in 1988, the Grande Galerie at the Nuremberg 24-26. This has come in years, 8,500 sq. ft. center was modified largely empty despite a prime location. The new owner of the property, the Hamburg-based B & L Group, which wants to put a commercial building for 35 million euros. This project would make the Erlanger city even more attractive. For commercial premises and commercial buildings in the Erlanger-layer Ia Comfort expects a stable level and on high rents.

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