Austurstræti

Austurstræti. It is one of the oldest and most historically significant streets in the capital city of Reykjavík, forming the central axis of the city's original settlement and political heart. The street runs east from Lækjargata directly to the steps of the Parliament House, anchoring the important public space of Austurvöllur. For centuries, it has been a primary thoroughfare for commerce, governance, and public life, intimately connected to the nation's journey from Danish rule to modern independence.

History

The street's origins trace back to the earliest planned development of Reykjavík in the late 18th century, following the Danish Crown's initiatives to establish a trading center. It quickly became a focal point for merchant activity and the homes of influential figures during the Icelandic independence movement. The location of the Parliament House at its eastern end, completed in 1881, cemented its role in the political struggles of the 19th and 20th centuries, including the celebrations following the founding of the Republic of Iceland in 1944. Key events in the Cod Wars and various social protests have unfolded along its length, often centered on Austurvöllur.

Geography and location

Situated in the oldest part of Reykjavík, it forms a direct east-west corridor in the downtown area, known as Miðborg. It begins at its western junction with Lækjargata and Bankastræti, near the historic Tjörnin lake, and extends eastward, terminating at the iconic Parliament House. The street directly borders the grassy square of Austurvöllur on its south side, with the Reykjavík Cathedral standing prominently nearby. Its central position places it within short walking distance of other major arteries like Laugavegur and institutions such as the Höfði house.

Notable buildings and landmarks

The eastern terminus is dominated by the stone-built Parliament House, a National Heritage site designed by Ferdinand Meldahl. Opposite it on the square stands the modest Reykjavík Cathedral. Along its northern side, historic commercial buildings house establishments like the famous Kaffi Brennslan and the Icelandic Phallological Museum. Notable structures include the art nouveau Þingholtsstræti 3 building and the former headquarters of Íslandsbanki. The Hotel Borg, a Reykjavík icon opened in 1930, is located just off the street on Pósthússtræti.

Cultural significance

It serves as a central stage for national culture and civic expression. The square of Austurvöllur is a traditional gathering place for political rallies, national celebrations like Þjóðhátíðardagurinn, and public concerts. Historic cafes and pubs along the street have long been meeting points for politicians, artists, and intellectuals, fostering debate and cultural discourse. The area is deeply associated with key figures in Icelandic literature and the Icelandic pagan revival. Annual events such as the Reykjavík Arts Festival and Menningarnótt often incorporate the street and square.

Economy and commerce

Historically the premier commercial street in Reykjavík, it remains a vibrant hub for retail, dining, and tourism alongside newer shopping streets like Laugavegur. It hosts a mix of long-standing family businesses, international brands, boutique shops, and popular restaurants. The presence of major financial institutions, including Arion Banki and Landsbankinn, underscores its ongoing economic importance. The proximity to government institutions also supports a concentration of legal firms, consultancy offices, and the headquarters of organizations like Icelandair and Icelandic Federation of Labor.

Category:Streets in Reykjavík Category:Tourist attractions in Reykjavík