Understanding the Exodus: Exploring the Abandonment of City Centers by Businesses

2023-10-26 15:24:18

How can we explain this desertion of city centers? First of all, there is the disenchantment of certain new small independents. Remember, following the pandemic many people decided to change jobs and open stores in city centers. Today, some of these new businesses no longer exist.because it did not meet financial expectations. This part is relatively small, it does not exceed 10 to 15%.

Another part of these new independent traders has decided to abandon the city center to settle closer to their customers, in the suburbs. In urban cores of medium or even high-end level, in terms of household income.

There are also large brands leaving city centers. Since the pandemic, many multinationals are pulling the curtain following financial difficulties.yesterday, it was Cultura who announced to us the closure of all their stores in Belgium. Last week it was Minelli and the week before it was Naf-Naf.”

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