A recent Report by London-based Real Estate company Cushman & Wakefield has compiled a fascinating list of the main street indexes globally when it comes to retail space. The report has some fascinating results, and is well worth a look (free registry required to download the complete document).
Everyone knows that Barcelona is a fantastic place for shopping, with international brands sitting along side some of the great Spanish brands such as Custo, Agatha Ruiz de la Prada, Zara, Massimo Dutti, Desigual and the rest.
Of no real surprise is the inclusion in the report of the top 4 streets in the Catalan Capital for floor space - those of Portal del Angel, Rambla Catalunya, Passeig de Gracia and Avenida Diagonal. What is surprising perhaps is that despite the current economic downturn, the rents on Portal del Angel have risen - only 4,5% but still a pretty price at 2760 Euros per square metre per year for floor space.
Both Rambla Catalunya and Passeig de Gracia maintained their prices as of last year, and only Diagonal saw a slight decrease in prices - 12.5% compared to the previous year. Choosing the right floor space is essential for customer retail success, and the recent acquisition of the old Gas company headquarters on Portal del Angel by H&M must be costing a lot of money, but at the same time be worth the rentals, as the shop is always busy, and it's a fantastic job by the designers.
Are you looking to invest in retail in Barcelona? Contact Barcelona Luxury Real Estate experts Modus Vivendi for details of floor spaces to suit your needs. And for long term rentals in Barcelona don't hesitate to contact the team, too, as they have a constantly updated portfolio of exclusive properties to fit everyone's needs.
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