“With a annual rent of 4.000 €/sqm and an increase of 1,7%, on the middle lease value compare to the previous biannual, Venice remains the third most expensive Italian city in retail real estate, after Milan and Rome.” It’s what we can observe in report “Fashion High Street” – September 2014”, product of the collaboration among World Capital, Confcommercio Federazione Moda Italia – Venice, Observatory Purchases CartaSì and Global Blue, which will be present the next 15th September.
“The recent growth of tourism in first biannual of 2014, near to intensive interest of foreign investors to city – claims Neda Aghabegloo, Head of Research of World Capital -, concludes with the major attractive of Venice in retail real estate and with the obvious increase of middle rent, +1,7% according to the previous biannual, in shopping streets of Venice. To determine the high appeal of High Street, are the prestigious luxury signs included with a diffused and continuous pedestrian and tourist flow.
San Marco Square, with the highest pedestrain flow and a minimum rent of 2.600 €/sqm and maximum of € 4.000 €/sqm, drives the toplist of High Street of Venice and it remains the 7° High Street the most national expensive, after the Milanese and Roman ones, also with a superior pedestrian flow.
Following by the “Mercerie” quarter, center of commercial life of Venice and the most famous area for boutique of high fashion with a minimum rent of 1.500 €/sqm and maximum of 3.600 mq, and Calle Larga XXII Marzo, seat of the most influential griffes of Italian fashion, with a minimum value of 1.500 €/sqm and maximum of 3.500 sqm. Freazeria and Calle Vallaresso, however, are areas which thanks to their characteristics and for the recent and high interest proved by the important signs, candidate themselves as potential High Street. Concerning yields – concludes Neda Aghabegloo -, shops of Venice present yields between 5% and 7%.“
For further information or to request report -> http://goo.gl/pGDvEV
