Portal de l'Angel is consolidated as the shopping street with the highest income and Preciados stays in second position and both entries in the European Top-20 Preciados stays in second position and both entries in the European Top-20
The commercial street with the highest rental prices in Spain is one more year the Barcelona Portal de l'Àngel, according to the international report Main streets around the world of the real estate consultancy Cushman & Wakefield. According to this report, which analyzes the prices of 445 markets in 65 countries, the Barcelona street is consolidated for the ninth consecutive year as the most expensive street in Spain and is in position 18 at European level and 67 worldwide. The Barcelona street maintains a premium income of € 3,360 / m²/ year.
In Spain, the second position in the report ranking of Cushman and Wakefield is held by the Madrid company Preciados, with a premium income of € 3,240 / m²/ year, which represents an increase of 2% compared to last year's prices. At European level, Preciados have placed in position 20 and in the world ranking, in position 71.
Worldwide, the most expensive street, for the first time, Causeway Bay of Hong Kong, with a maximum rental price of € 24,606 / m²/ year, thanks to the Fifth Adventure of New York, which is at € 20,733 / m²/ year. The podium completes it on New Bond Street in London, with an average price of € 16,071 / m²/ year.
For Robert Travers, Director of Agencia Retail in Spain of Cushman & Wakefield, “They key word in today´s fast changing retail landscape is FLEXIBILITY & in particular flexible spaces. The winners will the landlords & retailers who are prepared to innovate smoothly and quickly in particular locations, formats and their overall approach to deal making. Occupiers and landlords need, more than ever, a deeper understanding of each other key drivers. The gap between winners and looser will widen at a much faster rate than we all expect.
There has never been a more exciting time to be in retail and Spain is well placed to innovate its retail landscape”
Cushman & Wakefield has advised in recent years operations of premises and brands such as Apple, Claude Pierlot, Hawkers, Golden Goose, Martino Midali, as well as the opening of the first urban stores in the history of KIABI, Ikea and Leroy Merlin in Spain.