Vacancy Rate France - City Centres Period 2014-2018 Summary Vacancy Rate France - City Centres Definitions - Method .............................................................. 05 Period 2014-2018 Definitions and Formulas. ............................................................................ 06 Additional details ......................................................................................... 07 The vacancy of commercial premises in city centres is a major France – City Centres – Period 2014-2018 – concern for many elected officials, urban planners and traders. Evolution of the vacancy rate - Trends ..................................09 The image of the city, its influence and its economic health are at stake. A vibrant and dynamic city cannot be conceived Municipalities with less than 40,000 inhabitants ........................................10 without flourishing and attractive trade. Municipalities from 40,000 to 79,999 inhabitants ......................................18 To establish a relevant diagnosis on this vital issue, it is essential to have reliable measurement tools: a “Trade Observatory” is Municipalities from 80,000 to 119,999 inhabitants ....................................20 unavoidable. This is what Codata has been offering for 25 years. Our data Municipalities from 120,000 to 199,999 inhabitants ..................................21 collectors-managers roam the territory throughout the year Municipalities from 200,000 inhabitants and more ....................................22 relying on identical collection rules everywhere. This method, which is systematic and applied from year to year, makes it Municipality of Paris ....................................................................................23 possible to compare data between commercial sites but also over time. Boulogne-sur-Mer – City Centre – Period 2003-2018 – For this Focus, we chose to represent: Shops Statistics .....................................................................25 ■ the evolution trend of the vacancy rate, Overall Site Statistics – Last Survey 17/10/2018 ......................................... 26 ■ over the period 2014-2018, ■ for all Commercial Sites of the “Shopping Street” type. History of the Site Statistics – Period 2003–2018 ....................................... 27 The 454 Sites taken into consideration are divided into 5 History of the vacancy rate ............................................................................................... 27 categories according to the population level of the municipality, History of the “Footwear – Leather Goods” activity ..................................................... 28 with the exception of Paris Sites which are treated separately. History of the “House equipment” activity .................................................................... 29 And for more details, we unveil all the sources for an average History of Shops and Retailers ......................................................................................... 30 city taken as an example. It is the city of Boulogne-sur-Mer History of the Retailer openings/closures ....................................................................... 31 Of course, Codata Explorer allows you to edit the same documents for each of the 7,000 Commercial Sites listed Comparison of statistics by axis on the 17/10/2018 ................................... 33 periodically : city centres, shopping centres and retail areas. Map of Vacant retail units on the 17/10/2018 ............................................. 34 Our team is at your disposal for any information on this subject. Wishing you a pleasant discovery of this Codata Focus, With kind regards, The Codata Team Bordeaux - France 2| 3| Definitions - Method Definitions and Formulas. ............................................................. 06 Additional details .......................................................................... 07 4| 5| CODATA FOCUS | Vacancy rate - France - City Centres Definitions and Formulas Additional details Retail Location Commercial Project Codata perimeters are subject to change from year to year. Schematically, locations are classified as follows: Commercial projects listed in the database ■ Locations are classified according to various categories: ■ Modification of the number of Sites (additions and deletions - openings and closings ■ Retail Locations creations, transfers, renovations, extensions, urban ■ Modification of the perimeters of the Sites following the evolutions observed in the field ■ Shops plannings, « new traffic builder ». ■ Retailers To be referenced, a project doesn’t need to have ■ Modification of the list of referenced Retailers (arrivals and disappearances of Retailers on the ■ Independent / Local Owners an operating licence or authorisation. Projects are territory) ■ Inactive Shops usually referenced before receiving administrative ■ Modification of the classification of Sites by category (a Site may ■ Warehouse (storehouse, shop authorisations. However, each project must be move from one category to another depending on the evolution window,...) substantial in its agglomeration. of the number of shops recorded) ■ Works ■ Empty ■ Buildings (Monument, Religious edifice,...) Retailer A Retailer corresponds in all cases to a duplicated Commercial Site concept. The retailer can be regional or national, A Commercial Site defined by Codata but must have a network of at least ten shops to corresponds to a set of locations situated be included in Codata database. Nevertheless, new promising concepts and concepts from ■ in an agglomeration of at least 25,000 inhabitants countries other than those studied by Codata are Boulogne-sur-Mer - France also included in the database. ■ whose total sales area reaches 10,000 sqm What is a vacant retail unit ? ■ and with at least 25 to 30 shops including a medium-sized store of minimum 2,500 sqm The perimeters of Codata sites are defined on Commercial real estate service provider ■ The Codata method is based solely on numbers that express the number of locations identified those bases. A service provider included in Codata database in the field during the passage of the data collectors-managers. Under no circumstances do these is a company active in the commercial real figures express notions of surface areas, window displays or rents. A Commercial site can be of different types: estate sector. For instance, they can be owners, ■ The collection of data is based on the experienced vision of data collectors-managers. However, ■ Shopping Street investors, property developers, commercial real they can only record what they see and they are not aware of agreements made between ■ Retail Area estate consultants, retail developers, real estate landlords and future occupants. ■ Shopping Centre experts or shopping centre managers and leasing ■ Locations under construction are not listed in the category of vacant retail unit. They are ■ Outlet Centre agents. included in the category “Works” or under the name of a Retailer when it is identifiable. ■ Train station / Airport ■ Retail Park Définitions and fomulas In France and Benelux, many smaller commercial ■ Commercial density: Retail Locations Sites are added in order to achieve full coverage Locations on this countries. ■ Percentage of Retailers: Retailers Shops Commercial Cluster ■ Vacancy rate: Empty Retail Locations A Commercial cluster is a set of locations ■ Occupancy rate: Shops situated on a father site and its son sites. Retail Locations Example : The cluster « Lille Centre » includes the father site « Lille : Centre » as well as its son sites, Marseille - France that is to say the shopping centres « Euralille », « Le 31 », « Le Passage des Tanneurs » and « Grand’Place ». 6| 7| France – City Centres Period 2014-2018 Evolution of the vacancy rate - Trends Municipalities with less than 40,000 inhabitants .......................... 10 Municipalities from 40,000 to 79,999 inhabitants ........................ 18 Municipalities from 80,000 to 119,999 inhabitants ...................... 20 Municipalities from 120,000 to 199,999 inhabitants .................... 21 Municipalities from 200,000 inhabitants and more ...................... 22 Municipality of Paris ...................................................................... 23 8| 9| CODATA FOCUS | Vacancy rate - France - City Centres Municipalities with less than 40,000 inhabitants Population ShoppingCentreswithintheperimeterofthe Population ShoppingCentreswithintheperimeterofthe NameoftheSite 2014 2015 2016 2017 2018 NameoftheSite 2014 2015 2016 2017 2018 Municipality "ShoppingStreet"typesite Municipality "ShoppingStreet"typesite Abbeville 23559 Briançon 12392 Agen 34126 Cahors 19630 AixRlesRBains 30291 Cambrai 32897 Albertville 18950 CarhaixRPlouguer 7391 Alençon 26028 Carpentras 28447 Alès 39993 Cavaillon 26201 CentreCommercialduBugeyAmbérieuRenRBugey AmbérieuRenRBugey 14022 Challans 19668 (14) Annemasse 34953 ChablaisParc(46) ChamonixRMontRBlanc 8997 CentreCommercialAlpina(21) Annonay 16302 Chantilly 10861 Apt 11885 Chartres 38728 Arcachon 10370 Châteaubriant 11895 Argentan 13968 Châteaudun 13264 Armentières 25362 ChâteauRGontier 11528 Aubenas 11917 ChâteauRThierry 14546 Auch 21807 Châtellerault 31722 Auray 13397 Chaumont 22674 Aur illac 26135 Chauny 11897 Autun 13955 Cluses 17510 Auxerre 34843 Cognac 18717 Avranches 7813 Colomiers 38541 PleinCentre(106) BagnolsRsurRCèze 18172 Concarneau 19199 BarRleRDuc 15668 ConflansRSainteRHonorine 34876 Bayeux 13917 CosneRCoursRSurRLoire