“Las Lomas de Arroyo” neighborhood.

Arroyo de la Encomienda, Valladolid, Castilla y León.

The recent construction boom has resulted in whole new neighborhoods like this one in the outskirts of many cities: A street grid encasing empty lots and new buildings. While in some of the buildings the occupancy rate of residential space has reached an acceptable level, the occupancy of the new commercial spaces is consistently very low.