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Kaufingerstraße

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Kaufingerstraße near Marienplatz

The Kaufingerstraße is one of the oldest streets in Munich and, together with the Neuhauser Straße, one of the most important shopping streets in Munich.

History

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The Michaelskirche, located on the left of Neuhauser Straße with a view of Kaufingerstraße in Munich, 1839
View of the Frauenkirche (left) and the Kaufingerstraße (right), around 1910
View in winter

With an average of 12,975 passers-by per hour (as of 5 May 2011), Kaufingerstraße is one of the top-selling shopping streets in Germany. The rental and construction site purchase prices are the highest in the Kaufingerstraße than in any other street in Germany. Rental prices are around 300 € and site purchase prices around 50,000 € per square meter (in 2008). In 2008, the street was one of the 10 shopping miles (9th place) with the highest rents in the world.[1] In 2010, it was, with 11.905 passers-by per hour, in third place of the busiest shopping streets in Germany.[2] In 2011, the Kaufingerstraße slipped to number 4 of the most visited shopping streets in Germany behind the Zeil in Frankfurt am Main (13,035 passers-by per hour). Meanwhile, the Neuhauser road placed second in the list. According to a study by Jones Lang LaSalle (JLL), it was the busiest street in Munich with 13,515 passers-by per hour on the deadline. Also in 2013, the Neuhauser Straße placed second with 11,920 passers-by, this time behind the Dortmunder Westenhellweg (12,950 passers-by).[3] Because of this, Munich is the only German city, which has 2 shopping streets in the list of the most visited five.[4] According to an analysis by JLL from the year 2015, Kaufingerstraße is the most expensive shopping street in Germany with a top rent of 360 Euro per square meter.[5]

References

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  1. ^ "Kaufingerstraße in München: Einkaufsmeile Nr. 1". cafe-future.net (in German). 25 April 2014. Retrieved 26 March 2018.
  2. ^ "Westenhellweg gehört zu den Top-Einkaufsmeilen" (in German). Westfälische Rundschau. 7 July 2010. Retrieved 26 March 2018.
  3. ^ Kiwitt, Bettina (2013-07-30). "Die Spitzenmeile" (PDF). Ruhr Nachrichten (in German). Engel & Völkers. Retrieved 26 March 2018.
  4. ^ "München hat Deutschlands beliebteste Shopping-Meilen". muenchen.de (in German). Retrieved 26 March 2018.
  5. ^ "Das sind Deutschlands beliebteste Einkaufsmeilen" (in German). Welt. 25 May 2015. Retrieved 26 March 2018.