Globally, a stretch of Fifth Avenue in New York is set as the most precious place to settle
Puerta del Angel street Barcelona
The Puerta del Angel (Barcelona) in the most expensive shopping street in Spain & the fourteenth worldwide, the report Main Streets Across the World of Cushman & Wakefield. In particular, the Barcelona street where most national and international firms are concentrated fashion, gives a place compared to last year and drops to 14th place.
The increase of tourists who are experiencing the Catalan capital has driven the rental price of its sales channels, as well as the focus on fashion brands to open their flagship stores. The average price of commercial rental in Puerta del Angel is 3,240 euros / square meter, while the world’s most expensive street, Quinta Avenida (Fifth Avenue) in New York, is of 33,812 euros / square meter .
The second most expensive of Spain Madrid Preciados street is priced at 3,000 euros / square meter, followed by Paseo de Gracia (Barcelona) with 2,760 euros / square meter, Serrano Madrid 2,700 euros / square meter and Jose Ortega y Gasset and Gran Vía, also in the Spanish capital, both with 2,640 euros / square meter.
Besides streets of Madrid and Barcelona, in the national ranking trade routes also include Malaga (Larios), Bilbao (Gran Vía), Valencia (Columbus), Seville (Tetuan), Palma de Majorca (Jaime III) and Zaragoza ( Independence Square).
The consultant noted that the availability of space in the best streets in the cities is limited and some retailers are willing to consider further away from the main roads to accommodate their business.
Cushman & Wakefield has highlighted the strong market competition has stimulated growth in rental income in Madrid, especially in Gran Vía (9.76%), where just installed Primark Spain its largest store, while in Barcelona highlights the rise of the Diagonal (22.22%) and Rambla Catalunya (5,56%).
The director of retail agency in Spain Cushman & Wakefield, Robert Travers, stated that “the improvement of the Spanish economy has boosted demand for locally owned shops, but has also reaffirmed the confidence of foreign investors and tenants”. The Cushman & Wakefield report analyzes rental prices over the last twelve months the 330 most expensive shopping streets in the world (65 countries). In Spain, the cities featured in the ranking are Barcelona, Madrid, Malaga, Bilbao, Valencia, Seville, Zaragoza and Palma de Mallorca.
Globally, after Fifth Avenue, Causeway Bay Hong Kong ranks second (23,178 euros / square meter), followed des-Champs Elysées in Paris (13,255 euros / square meter).
The French street, key artery of the national capital, is the finest at European level, marked by the presence of big names in fashion and accessories worldwide street.
Courtesy Car Service Barcelona
