Street of luxury shops in Oslo
- Nedre Slottsgate. Good news for all those who value luxury brands. For consumers who avoid chain stores and want to use the offer of stores who deliver goods from the so-called higher shelf. Nedre Slottsgate is located in the heart of Oslo. The fact that the most important premium class entrepreneurs have been located in one place is undoubtedly a success. What boutiques are in this unique place? We present a small cheat sheet.
A street of luxury shops in Oslo - what brands can you buy here?
The list of producers or store brands that have opened their offices here is long and really impressive. Gucci, Hermès, Burberry and Louis Vuitton are some of the luxury shops on Oslo's most expensive shopping street. Here you can, among other things, buy bags for tens of thousands of NOK. This is a new competition for Karl Johan Street. But are you sure? Not completely. Here we are dealing with a different tenant and other buyers.
“Nedre Slottsgate overtook Karl Johan because of the type of tenants. Times are tough in the retail segment, but luxury brands are doing well. It is also worth noting that they also have the opportunity to pay high rents, unlike the slightly larger retail chains that we find in the Karl Johan area.” – emphasizes Lars Simen Paulgaard, business intermediary and partner / head of the commercial department at Malling & Co.
Higher rents, lower adaptation needs ...
Luxury shopping street in Oslo. Chain stores need more space than luxury stores, while paying less per square meter. Small, luxury boutiques need a smaller area. The prices of goods in such places are also higher. Consequently, stores appearing on Nedre Slottsgate can afford the fees rent. When demand for premises is high, rents rise accordingly. This is also due to the fact that luxury stores provide real sales results. They want to be visible in Oslo.
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