Diverse shop types in districts lead to higher retail rents.
Retail mix, or the variety of shops in an area, affects how much rent shops pay. A diverse mix of shops makes a shopping area more attractive to customers, leading to higher sales and higher rents for shops. A study in the Netherlands found that areas with a greater variety of shops had higher retail rents. This shows that having different types of shops in one area is important for both customers and shop owners.