Rents increase in the real estate High Street, especially in Milan, Rome and Venice, that record increases over 6% and the reduction of the Vacancy’s average, this appears in the report “Fashion & High Street – 2015/1”, realized by World Capital Group for Italian Fashion Federation.
“The increase of the real estate properties from the international brand, which aren’t operative in the italian business yet, but they are very interested in locating in the High Street, status symbol of fashion and luxury – announces Neda Aghabegloo, Head of Research of World Capital -, is among the primary factors that, during the last months, determined the rise of prices of lease with the decrease of the vacancy’s average.
Milan, seat of the most influential fashion brand and most valued place, shows an increase of rents for every High Street.
Corso Vercelli (530-1.380 €/sqm/a) and Corso Buenos Aires (500-1.800 €/sqm/a) certify the greater increase (around +7%), whereas Montenapoleone Street with +4,5% and a rent that touches 7.100 €/sqm/a and reconfirms the the most luxurious and expensive shopping street of Bel Paese; Corso Vittorio Emanuele with +6,5% reaches 5.300 €/sqm/a.
Venice – continues Neda Aghabegloo -, with its prestigious brands and high fashion boutique, is the witness of a more increase of leases in the retail industry and of a higher foreign investors interest.
Piazza San Marco and Via XXII Marzo, both with +6%, record the first values between 2.700 and 4.300 €/sqm/a, the between 1.500 and 3.800; +7%, both for the quarter Frezzeria/calle Mazzini (1.800-3.650), venetian fulcrum of commercial life.
Both the lombard and venetian county towns certify the vacancy’s average included between 0 and 3 months; examples the milanese Via della Spiga and Corso Vittorio Emanuele (0 months), where negotiations are managed with payout.
Rome, the second italian and most expensive city in the real estate High Street and among the most appeal one, highlights a future increase about 8% for Via Frattina (1.000-1.800 €/sqm/a) and over the 6% for Via del Babuino (2.000-3.100 €/sqm/a) and Via Cola di Rienzo (650-2.200 €/sqm/a); +2% for the prestigious Via Condotti, which reaches 6.700 €/sqm/a.
The vacancy’s average in the Capital City is between 0 and 6 months.
A decrease of values is certificated, instead, – concludes Neda Aghabegloo -, for Verona (400-3.100 €/sqm/a), Palermo, Bari e Genoa, whereas the shopping streets of Florence remain in positive position (600-3.800 €/sqm/a), Bologna e Naples.
In Catania and in Via Etnea is recorded the lowest rent, 120 €/sqm/a, whereas 11 months are the best vacancy’s average in retail industry. “
