The street is a well-known shopping street with many luxurious brand stores and some of the highest rent levels for retail in Stockholm.
In 2010 the dominant real estate owner of the area, Hufvudstaden, launched an effort to incorporate the streets crossing Biblioteksgatan in a larger shopping district they want to call Bibliotekstan ("Library Town"). The concept is influenced by a similar campaign in London to expand the shopping street Carnaby Street into a "Carnaby Village".[1]
^Klas Andersson, "Shoppingstriden hårdnar i Stockholm", E24 Näringsliv, 10 March 2010. The author of the article points out that Hufvudstaden has chosen to use the name Bibliotekstan with a single s, rather than the grammatically more correct Biblioteksstan.
