The first six months of 2016 had represented, for Italy, a positive scenary for fashion and real estate sectors, with a major request of retail spaces, an increase of sales for fashion and a progressive and general recovery of market. Among positive signs, revealed in “Report Fashion High-Street 2016/1” of World Capital, which permitted to Bel Paese to enter in Top 10 of the most prestigious Worldwide High Streets with the luxury Montenapoleone Street in Milan and Condotti Street in Rome.
At top of the list, we can find New York with important Fifth Avenue, with a maximum rent of 29.240 €/sqm/annual, whereas at second and third position we have Hong Kong with Causeway Bay and Russel Street, both with a maximum rent of 28.000 €/sqm/annual.
The Parisian Avenue des Champs-Elysées is in fourth position with a maximum rent of 14.520 €/sqm/annual, whereas the Londoner Oxford Street-West results to be in fifth position (13.350 €/sqm/annual).
Italy is in sixth position with the prestigious Montenapoleone Street in Milan, with a maximum rent of 8.700 €/sqm/annual and at tenth position with Condotti Street in Rome, which reaches 6.700 €/sqm/annual.
The list of maximum rents of Worldwide High Streets continues, finally, with Bahnhofstrasse in Zurich (8.360 €/sqm/annual), Pitt Street Mall in Sydney (8.200 €/sqm/annual) and Ginza (Chou Street) in Tokyo (7.430 €/sqm/annual).
“Retail and fashion sectors of Bel Paese, in the last years, recorded a growing interest from investors, especially international ones – claims Neda Aghabegloo, Responsible Research Department of World Capital – Italy, mix of culture and beauty, continues to be one of the most appealing location prime, where we can start our shops and winning brands.”
