Economic crisis in the East: The higher the rise...
The current economic crisis has spread wave-like by starting at the epicenter in the USA the wave first caught the large highly developed eocnomies in Western Europe.
Retailparks in CEE: successful endeavour or stopgap?
Because the large cities are already swamped with shopping malls the retail parks in CEE are on the rise. However, the expansion has been slowed down noticeably by the economic crisis.
In 2009 each Austrian citizen has approx. 1,71sqm of retail sales area at his or her disposal: a shopping paradise as large as 2 soccer fields or lake Mondsee.
The Shopping Climate Index CEE has continued to rise in the 4th quarter this year and is now at approx. 60 index points (100 = average). Overall the shopping climate still is not the best.
If one looks at the office spaces in the big cities of eastern and southeastern Europe the stock numbers vary greatly. When seen in relation to the population, new points of view arise.
