“From 5% to 8%, it is the yield, today, of a retail property situated in an Italian High Street; 800 sqm the maximum length demanded”, it’s recorded in the market analysis in the report “Fashion & High Street-September 2014” realized by World Capital Group in collaboration with Italy Fashion Federal.
“Italy – claims Neda Aghabegloo, Head of Research of World Capital – is considered as the Fashion Homeland. A more increasing number of international and national brands strongly desire to situate their property around the Italian High Streets to become part to the ‘Italy System’ and to be more over attractive and competitive. Strategic position, visibility and pedestrian/tourist flow, also with the yield and the offer, representing important factors in the location and the property choice.
Milan, seat of the most influential and prestigious signs of fashion, it remains the most researching and with appeal city, with maximum lease values, which reach the 6.700 €/sqm and yield between 5% and 6,5%. Rome, second in the expensive retail high street classification of Italy, with maximum rents wich touch the 6.000 sqm, it has yields between 5,5% and 7%. Bologna and Turin (6%-8%), together with Bari and Catania (7%-8%), they record more high yields.
Concerning to cuts, on the other side – continues Neda Aghabegloo – the request is from 10 meters to 800 meters. More litlle, but prestigious, as Portofino, Portocervo and Venice, it is requested commercial spaces of tight dimensions, with minimum value of 10 mt and maximum of 100 meters. Bologna, Rome and Florence record requests between 50 and 250/300 sqm, whereas Milan, Turin and Genoa present the range of demands more wide included between 50/80 mq and 700/800 sqm.”
For further information or to request report -> http://goo.gl/pGDvEV
