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Spain has two of the most expensive shopping streets on the European scene

4 min read

The recovery of consumption and shopping tourism make the main Spanish avenues in international reference axes. Specifically, Barcelona and Madrid have two of the most expensive shopping streets in all of Europe.

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In the ranking of the most sought-after avenues in the world, it is inevitable to refer to cities such as New York or Hong Kong. Along with others such as London, Paris or Milan.

But not far from the latter we also find some of the commercial hubs of Barcelona, ​​Madrid, Malaga, Valencia or Bilbao. Spain is a destination of reference for the main firms on the international scene. And some of its avenues are among the most expensive and exclusive shopping streets.

According to the annual report ' Main Streets Across The World 2018 ', prepared by the consulting firm Cushman & Wakefield, Portal de l'Àngel and Calle Preciados are among the twenty benchmark commercial avenues. In 18th and 20th position on the European scene, respectively.

Both with an average income that exceeds 3,200 euros per square meter per year. A price that more and more brands are willing to pay to enjoy the best location in the center of Barcelona and Madrid.

A ranking with 446 avenues around the world

The 'Main Streets Across The World' studio reaches its 30th anniversary with a new and long-awaited edition.

On this occasion, Cushman & Wakefield studies the 446 most important commercial avenues. Distributed in 65 countries of the world. A ranking where they appear classified according to the average rent of their commercial premises.

In this sense, Hong Kong's Causeway Bay is the most exclusive shopping street on the planet with an average annual income of 24,606 euros per square meter.

Beating Fifth Avenue in New York, whose average rent is 20,773 euros per square meter. And to New Born Street, in London, with 16,071 euros per square meter.

Spain in the European shopping scene

In the European scene, behind New Bond Street (London) we find the Avenue of the Champs Elysees (Paris) with € 13,992 / m2. A reference axis for fashion that a year ago occupied the third position.

While completing the medal table is Via Montenapoleone (Milan) with € 13,500 / m2. A year ago, the second most expensive in Europe. And in fourth place, via Condotti (Rome) with € 11,500 / m2.

Two Spanish cities between the two most expensive shopping streets in Europe

Below the four most expensive shopping streets on the continent, none exceed € 8,000 / m2. In a ranking where Swiss (Zurich, Geneva), Italian (Venice, ..), French (Cannes), German (Munich, Berlin, ..), Austrian (Vienna), Irish (Dublin) and, of course, Spanish.

According to Cushman & Wakefield, Spain is a destination appreciated for its quality and positioning among retailers and owners. From Ikea to Chanel, and from Uniqlo to Five Guys.

Two of the most expensive and luxurious shopping streets

The statistics of the consultancy place the Portal de l'Àngel as the most exclusive commercial avenue in all of Spain, for the ninth consecutive year. With an average income of 3,360 euros per square meter per year, this central Barcelona street ranks 18th in Europe. In addition to the 67th in the world.

Slightly below, Preciados street is once again among the most prominent. With an average rent of 3,240 euros per square meter per year. A reference avenue in Madrid that occupies the  20th position in the European ranking. And the 70th in the global ranking.

Streets to which others could be added such as Málaga (Marques de Larios), Valencia (Colón), Seville (Tetuán), Bilbao (Gran Vía), Palma de Mallorca (Jaume III) or Zaragoza (Pl Independencia).

In addition to the rest of the Barcelona and Madrid axes. From Pg de Gracia y Pelai to Serrano, Gran Vía and Ortega y Gasset.

Without a doubt, Spain has some of the most expensive and most recognized shopping streets ", acknowledges the CEO of the real estate agency Oi Realtor .

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