Location descriptions. Retail

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Copenhagen Property Market Report 2018

The Copenhagen Latin Quarter and Grønnegade/Ny Østergade area Surrounded by the streets of Strøget and Købmagergade towards City Hall Square, including Skindergade and Fiolstræde, as well as a host of side streets running off Strøget, the Copenhagen Latin Quarter contains a mix of small retail shops, bars, cafés, night clubs and restaurants. Backed by recent years’ thriving Copenhagen food and restaurant scene, many new coffee shops, sandwich and juice bars as well as bakery shops have opened in the district. Featuring a large proportion of period properties, the side streets running off the Copenhagen high street offer a wide range of specialty shops, cafés and restaurants. By providing alternatives to the international brand retailers at Strøget and Købmagergade, the side streets attract increasing activity, creating their own identity and adding to the bustling shopping environment in the city centre. Including the streets of Pilestræde, Ny Østergade, Sværtegade, Kristen Bernikows Gade, Grønnegade and Christian IX’s Gade, the area offers lower rent levels than those commanded at Strøget. Other central city districts, including Frederiksberg Comprising the districts of Østerbro (the east bridge), Nørrebro (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 general, each of the districts have a main shopping street, local retail areas and a local shopping centre. The composition of residents varies considerably across the districts, but shops typically cater to local requirements, in particular in terms of grocery shops, along with specialty and fashion shops. Following the trend from the overall retail market, the above city districts have seen a sharp increase in the number of specialty 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 the majority of retail vacancies in the districts.