Second youth for Italian real estate which, after the found faith of consumers and a gradual and global economic recovery, lives nowadays a particularly positive period. We assist to a progressive increase of proprieties request from international authoritative brands, which are looking for spaces in the streets of luxury and we catch a always stronger desire to embrace the “Made in Italy” system.
Fashion, in fact, is one of the symbol of Italian excellence and it represents a huge recall for foreign tourism; strategic position and architectural beauty of high streets, with their high popularity, increases the value of properties situated in amazing fashion streets and the demand of investors, who want to start their business in these already existing retail spaces.
Milan, the most attractive, requested and prestigious city among the high streets, remains prime location, thanks to its excellence, and it is the center point of retail activity, with a constant growth of interest, a tourist flow always more highlighted and with a high buying power.
Every its shopping street has a clear identity and recognizable; there are some streets in which lots of shops, in franchising or of clothing “low budget”, are presented, and those of luxury where authoritative brands commend their shop windows; clothing and footwear/leather goods are the most diffused goods categories. The most requested lengths in retail, whereas, are between 70 and 800 sqm, on the other hand the yields are among the 4% and 6% and the middle time of vacancy is among 0 and 8 months.
It is still Montenapoleone Street, the 5th Milanese Avenue, the most expensive and prestigious high street, with values included among 4.700 and 8.000 €/sqm/annual. It records with 84 shops a vacancy time among 0 and 6 months and a vacancy’s rate of 11%. The major number of brands presented is connected to the good category of clothing (44%), following by footwear/leather goods (21%), accessories/jewelry (12%) and watchmaking (11%).
Then, Della Spiga Street with rents among 6.000 and 3.700 €/sqm/a, vacancy time among 0 and 3 months and vacancy’s rate of 10%. Good categories more diffused among the 80 existing brands are again clothing (56%), near footwear/leather goods (23%) and accessories/jewelry (15%).
Montenapoleone Street and Della Spiga Street, together to Manzoni Street and Sant’Andrea Street, make the well-known “Quadrilateral of Fashion”, the prestigious rectangle of streets really near to inner city, which is characterized by the succession of all the most important brands of global high fashion.
The third and most authoritative Milanese high street is Vittorio Emanuele Boulevard, which links Doumo and San Babila, with values among 3.000 and 5.500 €/sqm/a, vacancy time of 0 – the lowest among the streets – and vacancy’s rate of 7%. Here, there are 56 shops of clothing (55%); footwear/leather goods and underwear represent the 11%.
The three most expensive shopping streets are following by Dante Street (1.300-3.500 €/sqm/a), Manzoni Street (1.400-2.000 €/sqm/a) and Torino Street (1.000-2.800 €/sqm/a), all situated in the city heart of Milan.
Dante Street, with 68 sale points, records a vacancy time among 0 and 5 months and a vacancy’s rate of 9%, whereas Torino Street with 112 shops among 0 and 3 months and 14%. Both, the major number of brands presented is connected to category of clothing (32%); good percentage also for footwear/leather goods, perfumery/cosmetics and food service.
To close the classification of Milanese prime street, Buenos Aires Boulevard (600 – 2.000 €/sqm/a) and Vercelli Boulevard (600 – 1.500 €/sqm/a). Buenos Aires Boulevard, important commercial street, covers 1.600 mt from Piazzale Loreto to Porta Venezia and it is among the longest promenades of Europe, highlights a vacancy time among 0 and 6 months and the highest vacancy’s rate among the high street with a 35%.
With more than 270 sale points, 29% of them of clothing, the 16% footwear/leather goods and the 12% food service, it counts a middle flow of 100.000 people a day and a total turnover among the most higher worldwide; Vercelli Boulevard, whereas, with 108 brands, records a vacancy time among 2 and 6 months and a vacancy’s rate of 14%; clothing is on top with 29%.
A safe and profitable real estate investment requests a deep know-how of market and qualified assistance team. The team of World Capital Group, international society specialized in real estate consultancy and intermediation, with its headquarter in Milan and direct offices in different countries as China, Indie and Russia, thanks to a twenty-year experience,multilingual staff and specified departments for every sector, it is the tailor-made partner for the client; it guarantees to him privacy, professionalism, knowledge, flexibility and complete and customizable assistance. Training, innovation, research and specialization is the investment of World Capital though the years.
