Progressive recovery fo retail, with a gently increase of sales for fashion sector, this is the portrait of these first six months of 2016 by “Report Fashion High-Street 2016/1”, realized by Research Department of World Capital, in collaboration with Fashion Italy Federation, Observatory Purchases CartaSì and Global Blu.
After a careful check of Shopping Streets in Lombardy, we record a soft growth of rents, with the prestigious Montenapoleone Street in Milano, which reaches the maximum rent of 8.700 €/sqm/year, followed by the twin Della Spiga Street with a rent of 6.500 €/sqm/year. Great performances also for the prestigious High Streets of Como, with Bernardino Luini Street and Vittorio Emanuele Street, whom maximum rents reach 900 €/sqm/year.
We also record a slowly reduction of vacancy, with minimum values of just 1 month in shopping streets of Milan, Pavia and Brescia, whereas luxurious glass walls of Lombard High Street are vacant for maximum 8 months ( values recorded in Mantoa, Sondrio and Varese).
Finally, concerning yields, they are between a minimum value of 2,5% (recorded in Milan) and a maximum value of 7,5% (recorded in the cities of Bergamo and Pavia).
“The interest for retail and fashion sectors are deeper and deeper from investors, especially from international ones. – claims Neda Aghabegloo, Responsible of Research Department of World Capital – The winning synergy among real estate and fashion has contributed to record, in this first semester of the year, a faith from consumers, a constant growth of spaces demand, situated on the most prestigious High Street, and a natural increase of rents.”
