The big brands fight among themselves to be able to have the best showcase on the busiest streets on the planet. Of course, while the large chains opt for large stores ( flagship stores and megastores ) in order to serve as a brand image and demonstrate their power, luxury brands tend to choose specialized streets, often short and elegant. In any case, the streets where these types of shops are also usually the most expensive and, in fact, pay astronomical rents.
In Europe , the most prohibitive locations are in London, Milan, and Paris. This is stated in the report "Textile trade in figures" carried out by the Acotex sector employers’ association. Today we are talking about the most expensive streets on the continent. In addition, we are going to tell you which is the most expensive in Spain, which is at number 20 in the ranking. Can you come with us?
Bond Street, London
The most expensive street in Europe is Bond Street, which is located in London. The rent for businesses amounts to 25,200 euros per square meter. The street, which runs from Piccadilly to Oxford Street, has been in business since the 18th century. Of course, here are the most important luxury brands: Lous Vuitton, Donna Karan, Versace, Chanel …
Covent Gardent, London
The second most expensive location in Europe is also in London. This is Covent Garden, where commercial rentals cost 18,000 euros per square meter. It is a neighborhood in London that is dominated by shops, street performers and different elements of entertainment. Also, here is the entrance to the Royal Opera House.
Oxford Street, London
Also in the British capital we find the third most expensive street. We are referring to Oxford Street, which is home to more than 300 stores. In fact, it is one of the most famous shopping streets on the planet. The commercial rent in this place amounts to 15,036 euros per square meter
Sloane Street, London
We are still in London to tell you about Sloane Street, where commercial rentals cost 13,560 euros per square meter. The northern part near Knightsbridge, known as Upper Sloane Street, is known for hosting numerous fashion stores. In addition, modern and elegant residences can be found here.
Via Montenapoleone, Milan
According to this ranking, the second most expensive city in Europe, at least in terms of commercial rentals, is Milan. The most prohibitive street is Via Montenapoleone, characterized by its elegance and for housing the shops and boutiques of the most recognized designers. Commercial rents in this place are around 12,880 euros per square meter.
Vittorio Emanuele, Milan
In Milan we also find the sixth location on the list. It is the Galleria Vittorio Emanuele II, a street covered by two arcades with a glass vault and a central glass dome, in which rents amount to 11,900 euros per square meter.
Regent Street, London
We return to London to tell you about Regent Street, where the square meter costs 11,880 euros. Of course, here are some of the most important brands in the world of fashion, such as Zara, Calvin Klein, Mango or United Colors of Benetton.
Avenue of the Champs Elysees, Paris
In eighth position in the ranking we find the Avenue des Champs Elysees, the main avenue in Paris, which runs from the Arc de Triomphe to the Place de la Concorde. The upper part of the avenue houses luxury shops, department stores and cinemas. The square meter of the commercial premises amounts to 11,100 euros.
Via Condotti, Rome
The ninth most expensive street in Europe is located in Rome. This is Via Condotti, the fashionable shopping center in the Italian capital since 1884, when the Bulgari workshop opened its doors. Of course, the top designers have boutiques here too. The square meter on this site costs 10,800 euros.
Portal de l’Ángel, Barcelona
We want to finish our list in Barcelona, where we find street number 20 in the ranking. It is the Portal de l’Ángel, a pedestrian street that brings together a large number of commercial establishments. Commercial rental prices in this corner of the Catalan capital amount to 3,360 euros.