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Covid crisis gives boost to neighborhood shopping centers

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Dutch neighborhood shopping centers perform better than before the Covid crisis. The vacancy rate decreased from almost 7% to 6% between 2019 and 2021, while vacancy in city centers rose from 7% to 10%.
 
The success of neighborhood shopping centers is mainly due to the wide range of shops for daily needs, such as supermarkets, bakeries and fishmongers. These shops became more important due to the Covid crisis, a result of the periods in which restaurants and cafés were closed. For a long period, only 'essential' stores were allowed to stay open. Such stores are strongly represented in neighborhood shopping centres, which made the consequences of lockdowns smaller than for city centers.

Covid crisis gives boost to neighborhood shopping centers

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Related Experts

Chris Lanting

Director Retail

Amsterdam

 2008-2016: Dynamis Strijbosch Thunnissen Makelaars Region Arnhem/Nijmegen:

Created the retail leasing department and extended this profitable business unit to a market leader in the region.

2016-Now: Colliers International:

Director Retail. Responsible for Retail Agency / specialized in shopping centres and cooperation with other serviceslines within Colliers which are active in Retail (Asset Services, Retail Marketing, Design&Development, Research, Valuations, Food&Beverage and Capital Markets. Strongly focussed on data driven service en solutions as well as an integrated marketapproach. 

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Michiel Boonen

Director Capital Markets

Amsterdam

I joined Colliers' Retail Capital Markets team in September 2020 and will be working on the acquisition and disposition of high street shops, shopping centers and retail warehouses in the Netherlands. Prior to working at Colliers, I worked for the Dutch branch of JLL and for both Dutch and EMEA teams of Cushman & Wakefield.

I have a longstanding experience with (retail) research & consultancy works and now strive to implement my market knowledge into the transaction process for retail real estate.

Next to working for Colliers, I am a sector teacher with the Amsterdam School of Real Estate, teaching the retail specialism for the market analysis course.

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