Chat with us, powered by LiveChat
 Home    Would It be Possible to Preserve Street Shopping By Reducing the Rents?

There are many different factors that affect the street shopping. Among them are consumer habits, accessibility, store rents, legislation, competing markets, etc.


New Age, New Ways of Shopping

Consumer habits may be the area that has been impacted the most by the communication, internet and finance technologies of the new world and the globalization process. Shopping malls and center symbolize the rising capitalistic behavior of the consumers, which is relatively on the decline now against the online shopping and other means of digital shopping. Thus, today, street shopping represents mostly a way of authentic shopping and people do street shopping or get back to street shopping mostly for nostalgic reasons if not due to convenience in rare cases. Such cases are actually rare because it is difficult to beat online shopping in pricing due to bulk sales and methods of delivery thanks to the highly developed courier companies of today’s world and it is also difficult to beat shopping centers or malls, which provide the consumers to see and examine and then compare many stores and products all at once apart from the social environment that they provide.


Impact of Rents

Rents of street shops are usually high not because the landlords are necessarily willing to charge high rents to shop owners but it is usually because the shops are willing to rent at central and convenient locations in order to run their business. Thus, it is not likely that the rents of such locations will get low at any time. However, if there is a tendency to preserve street shopping, let’s say for the purpose of creating a tourism theme, then the government may subsidize the difference in rent to make both the shop owners and the landlords happy and that way street shopping can be helped to survive.


Leave a Reply