A slowly increase of sales for Fashion sector in the first semester 2015 and a over growth of rents in the last six months for properties situated in Italian High Streets, that is observed in the report “Fashion High-Street 2015/2”, realized by World Capital, in collaboration with Federation Moda Italia, Purchases Observer CartaSì and Global Blu.
“Consumptions restart, by recording +0,17%, in the first semester of 2015, compared to the first part of the previous year, and the Real Estate Retail High Street records in the second part of 2015 a new increase, by touching the 8.000 €/sqm/a in the Milanese metropolis – claims Neda Aghabegloo, Head of Research di World Capital – Two realities, fashion and real estate, which are really connected; one of the them highlights the recovery of the consumer’s faith, which caused a gently increase of costs, the other underlines the continuous increase of demand of spaces in the street of luxury from important and international brands, which want to enter in the system of “Made in Italy”, both the aspects are source of a continuous increase of rents and a major interest in the sector.
Milan, Rome and Venice – continues Neda Aghabegloo – remain the prime locations and the focus points of the retail activity, with a totally increase of values and a tourist flow more highlighted. The Milanese Montenapoleone Street touches 8.000 €/sqm/a and it remains the most prestigious High Street of the territory, whereas Roman rival Condotti Street reaches the 7.000 €/sqm/a. Venice records a general increase of rents, particularly San Marco Square, which records a maximum of 4.700 €/sqm/a and a minimum of 3.000 €/sqm/a; Calle Vallaresso and Campo San Bartolomeo enter among the High Street of Venice with maximum values of 2.500 €/sqm/a and 5.000 €/sqm/a.
Positive portrait also for Genoa and Bologna, which highlight a global increase of rents, particularly, the Genoese XX September Street records a maximum value of 1.000 €/sqm/a, whereas the Bolognese Galleria Cavour the highest rent with 2.000 €/sqm/a. Florence, on the other hand, with Turin and Verona, lives a stable situation, with a softly contraction near a gently increase of values. In the South – concludes Neda Aghabegloo – Catania and Naples are stable with a little growth; The High Street Scarlatti al Vomero, in Naples, is interesting, because it’s become a pedestrian area and functional commercial location (1.500 €/sqm/a)”.
“The recent positive index – claims Renato Borghi, President of Federation Moda Italia/Confcommercio -, highlight a crisis, which seems to stop. A gently restart of consumptions after a period of strong suffers. A little, but important signal, which we want to make concrete thanks real policies of support and raising of consumptions in shops, which remain an important element of our distribution system.
An economic heritage, but moreover a cultural and social element, which we want to protect, because it is also an international attractive thing. The data of Total Tax Rate observes a fiscal weight of 68,4% and we are worried about to orient our requests to a policy for an energetic reduction of tax for societies and families, by managing fiscal aspects. Just in this way, we can think in positive and assist to a real economic recovery and a concrete restart of inside consumptions.”
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