I noted business news this AM in Germany....some chatter that a forecast came out....saying that 9,000 stores in Germany (existing on 1 January) will fold-up/collapse by the end of the year. Partly because of inflation, less sales, and partly the after-product of the Covid-era.
A big deal? When you spread these out....it's basically saying that in a town like Mainz (218,000 population)....there's probably forty shops that will be gone. Right now today....if you start out at the Obisk and walk westward through the walkplatz....there's probably already twenty-odd shops which are closed up and waiting for new renters.
Yeah, it's a low business trend, and likely to continue through this inflation period (minimum of 2024 to be the same).
Changing the real estate character of the nation? That's probably one of a dozen outcomes for this era.
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