Keys to the retail real estate market in Barcelona

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[vc_row][vc_column][vc_column_text]Analizamos de forma ágil las variaciones en las rentas de locales, la diversificación en el uso de espacios y las previsiones y desafíos futuros.

Barcelona continues to be a hub for retail trade, largely driven by a significant increase in tourism activity and stable demand for commercial space.

The capital of Catalonia remains one of the most vibrant and attractive cities for retail trade. With a strong commercial infrastructure, growing tourist interest and a diversification of business types, the city is favourably positioned to meet the future challenges of the sector.

High occupancy on main roads

The year 2023 has seen an occupancy rate of over 90% in Barcelona's main shopping streets, with the most notable being:

  • Portal de L'Àngel: 91,89% of occupancy.
  • Passeig de Gràcia: 96,98% of occupancy.
  • Rambla de Catalunya: 96% occupancy.
  • Diagonal: 94,87% of occupancy.
  • Portaferrissa Street: 94,23% of occupancy.
  • Pelayo Street: 91,30% of occupancy.

These figures reflect not only strong demand, but also Barcelona's ability to attract both global and local brands.

Diversification in the use of space

In terms of sectoral distribution, fashion continues to be the dominant segment, especially on Passeig de Gràcia and Portal de l'Àngel.. However, the offer is diversified with the significant inclusion of catering and services, providing a more complete and varied shopping experience for visitors and residents.

Influence of tourism on retail

Tourism has played an important role in 2023, with an increase of 12.2% compared to 2019. Barcelona not only attracts tourists for leisure but also for business, especially for events and conventions, which has generated significant revenues and an increase in demand for retail services. Variability in the rents of the premises

Rents in Barcelona show a wide variability:

  • Passeig de Gràcia: up to 350€/m2 for small premises.
  • Diagonal and Rambla de Catalunya: lower rents by comparison, suitable for a wider range of businesses.
  • Portal de L'Àngel and Portaferrissa Street: competitive prices in the commercial heart of the city.

Economic outlook

Despite moderate growth forecasts for Catalan GDP and global uncertainty, it is expected that the Catalan economy will continue to grow at a moderate rate. the retail market in Barcelona remains dynamic. This is due to continued strength in key sectors and the city's adaptation to new consumer trends.

For those interested in exploring the dynamics of the retail market in Barcelona in more depth, the full report ‘Retail 2023 Report’ está disponible para descargar.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJyb3clMjIlM0UlMEElM0NkaXYlMjBjbGFzcyUzRCUyMmNvbC1tZC02JTIwb2Zmc2V0LW1kLTMlMjIlM0UlM0NhJTIwY2xhc3MlM0QlMjJidG4lMjBidG4tZGVmYXVsdDMlMjIlMjBocmVmJTNEJTIyaHR0cHMlM0ElMkYlMkZnZXN2YWx0LmVzJTJGaW5mb3JtZXMlMkZpbmZvcm1lLXJldGFpbC0yMDIzJTJGJTIyJTNFREVTQ0FSR0FSJTIwSU5GT1JNRSUzQyUyRmElM0UlM0MlMkZkaXYlM0UlMEElM0MlMkZkaXYlM0UlMEElMjZuYnNwJTNC[/vc_raw_html][/vc_column][/vc_row]

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