Boulevard Saint-Michel Crisis: A Retail Dilemma in Paris
The Boulevard Saint-Michel crisis reflects a profound shift in the landscape of commercial real estate in Paris, particularly for local shops that have traditionally thrived in this iconic area.Once a bustling hub that elegantly bridged the 5th and 6th arrondissements, Boulevard Saint-Michel is now grappling with a staggering vacancy rate that reached 18% in recent reports, significantly higher than the city’s average.










