The large shopping malls are resisting and still attracting chains that “bet” on a good display store.

Somehow Ermou is included in the top 15 of the most expensive shopping streets around the world based on a list repeated every year by international real estate consultancy Cushman & Wakefield in collaboration in Greece with Proprius. In the largest shopping street in Greece, the rent for a high-quality store corresponds to 3,480 euros per square meter. per year, having remained unchanged during the last year.

“The resilience of rents is mainly the result of the low availability of space in Ermou, the competition between the retail chains to secure a central store in this market, but also the demand due to the increase in tourist traffic, stresses Niki Simbura, managing director of Cushman & Wakefield with Proprius.