2018 shows a positive Italian Retail High Street real estate market, with best performances in prime city as Milan, which glass walls start winter sales from tomorrow 5th January.
Milanese Streets of Shopping concluded 2017 with general trend in growth and with a big interest from global brand, attractive from Milanese prime product and from its yields, which swings from 2,5% to 5%.
This is the portrait revealed from Report “Fashion High Street – 2017”, realized by Research Department of World Capital, in collaboration with Federazione Moda Italia and Global Blue.
Among Italian High Street , it’s Monte Napoleone in Milan to reach record in rent retail real estate with a prime rent of 10.300 €/sqm/year.
In 2017 Via Monte Napoleone recorded the best performance, thanks its grow of 24% in rents revealed through 3 years. This positive portrait is given thanks to exclusive prime product and to research of spaces from international retailers, in competition with local ones.
Also in global vision, Via Monte Napoleone challenges its Competitor High Street, by classifying itself at 6° for annual rent; preceding by Oxford Street – West in London (14.000 €/sqm/year) and Avenue des Champs-Elysée in Paris (14.500 €/sqm/year), whereas global record is recorded in Fifth Avenue in New York with 31.000 €/sqm/year.
“Via Monte Napoleone is the most appreciated Italian High Street from investors and the most luxurious Shopping Street in Italy. – claims Neda Aghabegloo, Responsible Research Department of World Capital – Milanese High Street record in 2017 the best performance in Italian Real Estate market, by generation competition among brands, but also satisfaction from consumers, attracted from its prestigious glass walls. To confirm that, 36% of international tourist spend, realized in Italy, is recorded in city of Milan.”