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Consumer Cities under Pressure to Change

In: European Cities After COVID-19

Author

Listed:
  • Tobias Just

    (University of Regensburg, IRE|BS International Real Estate Business School)

  • Franziska Plößl

    (University of Regensburg, IRE|BS International Real Estate Business School)

Abstract

The results of a Europe-wide survey of real estate market players indicate that, since the COVID-19 pandemic, noticeable and permanent declines in demand are expected for the retail space due to increased competitive pressure from online providers. Grocery retailers, specialist market centres and discounters are largely exempt from this pressure to adapt. From the respondents’ standpoint, brick-and-mortar retail must focus more on the triad of experience, social interaction and gastronomy moving forward. Forecast for logistics space in all regions has grown exponentially during the pandemic. Cities thus face a double and concurrent challenge: managing the surplus space for retail and the shortage of logistics space.

Suggested Citation

  • Tobias Just & Franziska Plößl, 2022. "Consumer Cities under Pressure to Change," Future of Business and Finance, in: Tobias Just & Franziska Plößl (ed.), European Cities After COVID-19, pages 215-226, Springer.
    • Handle: RePEc:spr:fuobcp:978-3-030-89788-8_20
    DOI: 10.1007/978-3-030-89788-8_20
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