Overview

European Retail Profile 2011
Frankfurt
Overview
Frankfurt am Main, famous as the financial and services capital of
Germany, has considerable attraction from the surrounding area
thanks to its position at the centre of the Frankfurt-Rhine-Main
business region. The city’s retail centre profits from this and offers
consumers a mix of high-grade mass market and luxury stores.
Zeil
Location/ 30-Minute Drive Time Study Area Information
Frankfurt
City Profile
Ranking*
3,023,806
14th
€22,311
9th
GDP Forecast 2010 to 2015 (% pa)
2.32%
23rd
Consumer Spending Forecast
2010 to 2015 (% pa)
1.65%
29th
113
20th
Study Area Population
Study Area Purchasing Power / Capita
Cross-Border Retailer Attractiveness Index*
(Average = 100)
*based on analysis of 55 European cities
GDP & Consumer Spending source: Oxford Economics 2011. Study Area source: MBI 2010.
High Street Prime Rental
Information for Zeil
Key Retail Entrants
During 2010 / 2011
Prime Rent
(€/sq m/year)
€3,360
Short-Term
Rental Forecast
€3,540
Zara Home
Hackett
Calida
Jimmy Choo
High Street: The high street dominates over shopping centres in
Frankfurt with Zeil being the top location and one of the highest
revenue-generating shopping streets in Germany, despite having a
low-priced focus along some stretches. The opening of the MyZeil
shopping centre on the street in February 2009 helped to raise the
quality and attractiveness of Zeil as a whole. Goethestrasse, to the
east of Zeil is the luxury stretch, while the connected Rossmarkt,
Steinweg and Biebergasse lend themselves to retail in the upper
mid-price sector.
After Munich, Frankfurt is the second most expensive retail
location in Germany. Rental values continue to grow and prime
space now costs up to €280/sq m/month. Demand is particularly
high on the Zeil and available space is scarce. A change in tenants
has taken place on the corner of Steinweg/ Goetheplatz, where
Diesel Jeans has made way for a 690 sq m COS store, and the
refurbishment of a row of buildings at 5-11 Goetheplatz should
create an additional 6,000 sq m of retail. The Prada store on
Goethestrasse turned recently into Germany’s first Miu Miu store,
with Prada relocating to larger premises in the area.
Apple
Shopping Centres: The most attractive shopping centre remains
MyZeil, following its successful opening in 2009. The Zeilgalerie
was renovated earlier this year; the façade has been improved and
there will be a more contemporary selection of retailers. Benetton
has already extended its lease contract here by a further 10 years,
and has expanded its store to 1,000 sq m.
MyZeil
Shopping Centre
Opening
Year
GLA
(sq m)
Location
Key Anchors/Tenants
NordWestZentrum
1968
92,000
Edge of Town
Galeria Kaufhof, Media Markt, C&A, H&M, dm
Annual Visitors
(Million)
-
Zeilgalerie
1992
11,000
City Centre
Benetton, H&M, GameStop
MyZeil
2009
47,000
City Centre
Bench, Guess, Hollister, Saturn, Lloyd, Kult
Hessen-Center
1971
40,000
Edge of Town
Galeria Kaufhof, C&A, H&M, Peek & Cloppenburg,
toom
-
Honsell-Dreieck
2014
31,000
Edge of Town
-
-
Skyline Plaza
2012
44,000
Edge of Town
-
-
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Jones Lang LaSalle Contacts
Marc Alfken, Head of German Retail Agency
James Dolphin, Head of EMEA Retail Agency
Julie Collins, EMEA Retail Research
Kaufhof
My Zeil
2
4
Karstadt
3
Zeilgalerie
1
T
Esprit
Metro Station
€
Prime Rent
Prada
Jimmy Choo
+49 69 200323 22
+44 20 7852 4623
+44 20 7399 5940
T
Shopping Centre/Department Store
More &
More
Gucci
COS
Tram stop
Max Mara
€1,920
Steinweg
Chanel
traß
e
€2,880
Go e
thes
eimer
Gr. Bockenh
€2,640
Crabtree &
Evelyn
Burberry
Apple
Escada
Biebergasse €1,920
Lacoste
4
1
H&M
2
Promod
l
Zei
New
Yorker
3
Zara
Mango
Calvin Klein
Underwear
€3,360
Peek &
Cloppenburg
T
H&M
T
Market Profile – Frankfurt 2011
marc.alfken@eu.jll.com
james.dolphin@eu.jll.com
julie.collins@eu.jll.com
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