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Italian High streets

Posted: 1 December 2016

The first half of 2016 showed positive trends for the retail real estate market, with an upper demand for space at benefit of the consequent recovery of the sector.

The World Capital report highlights another positive figure linked to the time of vacancy of the show cases set in the Italian High Street, for which there is greater demand from primary brand more and more interested to occupy the most prestigious locations in our country.

The stores in the so-called Luxury Steet remain vacant for up to 10 months, such as in Borgo Largo in Pisa and in Bari Via Argiro; the timing is reduced to eight months in Turin in Via Roma, Via Luccoli in Genoa and Corso Italy in Catania.

One month is the maximum vacancy time for the shops in Corso Vittorio Emanuele and Via della Spiga in Milan, Via Roma in Verona, Calle Vallaresso and Campo San Bartolomeo in Venice, Piazza di Spagna and Via del Babuino in Rome, Via dei Mille and Via Filangieri in Naples.

The reasons are to be found in the progressive growing interest from investors, especially international, for retail and fashion industries, registered  in the most recent years.

 

Source: Patrimonio Pubblico Italia web site (http://www.patrimoniopubblicoitalia.it/en-gb)