Thessaloniki is the second largest city in Greece, an important multimodal regional transport hub, and its metropolitan area is the primary administrative and commercial center in northern Greece. Commercial activity is concentrated in the central and eastern part of the city, while the western part is primarily industrial and logistics. Thessaloniki has been severely affected by the Greek crisis and consequent decline in disposable income, which have hurt consumption and depressed rents, both in secondary and high-end locations. Well managed shopping centres have shown some resilience, but overall this is a tenants' market. Thessaloniki has benefited from the recovery of Greek tourism and has become a popular destination with tourists from Israel and Turkey.  The suburb of Pylaia to the east of the city center has evolved spectacularly in the years following the development of the Mediterranean Cosmos Shopping Centre, with a multitude of other retail and office projects in its immediate vicinity.