Productivity of Shopping Centers is Stagnating
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A RegioPlan study shows that only 30 of 70 surveyed Austrian shopping centers have increased their productivity.
Productivity of Shopping Centers is Stagnating / Picture: © Vindobona.org
The study of RegioPlan covered 2006 to 2010. 30 of 70 shopping could raise their productivity by over 8% and achieved thereby an inflation-adjusted growth. All surveyed objects were however able to increase their sales and retail space. Development of productivity has to be differentiated for this reason. In total, sales per square meter of retail space increased by 4%. Rents however…
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