To read this full article you need to be subscribed to Institutional Real Estate Europe
Revitalising retail: Inner-city retail will never be the same again, so let’s make sure the new reality is a win-win for all
Whether it be the impact of financial uncertainty in the aftermath of 2007, restrictions made to our daily life with the outbreak of COVID-19 in early 2020, or - since February 2022 - the ongoing war in Ukraine, a succession of disruptive global events during the past two decades has led to profound changes within inner cities in continental Europe - and beyond.
Cities are struggling with demographic challenges and changes in attitude among their populations that are affecting daily routines, such as commuting, shopping and leisure. Today, both inhabitants and visitors expect urban areas to offer neighbourhoods that contain smart infra structure, sustainable environments and opportunities for recreation.
Inner cities are reinventing themselves
Given these shifts in attitudes and expectations, as well as in underlying economic conditions, we expect inner cities to flourish as they have never done befor
For reprint and licensing requests for this article, Click Here.