Portal de l'Àngel is again the most expensive destination for street retail in Iberia

Portal de l'Àngel is again the most expensive destination for street retail in Iberia

According tothe report, that Catalan street is again in the 14th position, for the second consecutive year, of the overall ranking of the most expensive destinations for street retail. Currently, the average income is €3,360/m²/year, 1.8% above the €3,300/m² registered in 2016.

If Barcelona is the most expensive Spanish destination, it is still in 18th place in the European ranking, followed by Madrid. Calle Preciados, in the center of the Spanish capital, is ranked 20th in the European ranking; with annual revenues of € 3,180/m², which represents an growth of almost 4% compared to € 3,060/m² registered in the previous year.

Portugal, and more precisely the Chiado area, in Lisbon, occupies the 33rd position in the Cushman & Wakefield global ranking, keeping its position compared to 2016. There, reference incomes are currently at € 1,380/m² per year, having valued 15% in respect to last year. A similar growth was also recorded in the reference incomes of the second largest Portuguese city, Oporto, with the lease of a store in the street of Santa Catarina currently costing €690/m² per year.

The Main Streets Across the World 2017 study monitors and orders 421 retail locations around the world. The ranking presented is based on the highest annual rent value in each country analyzed, not including condo fees, local taxes and other occupancy expenses. In this edition, the study includes a ranking of 68 locations, the most expensive per analyzed country.

In 2017, the world's highest trade income is practiced on 5th Avenue, in New York, where it reaches €28,262/m² per year, while in Hong Kong the value is around €25,673/m².

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