The retail sector grows at a rate of 10% in Spain

More than 8,000 companies have been created this year in the sector and capital investment for the creation of new projects has grown by 85%, exceeding the barrier of 230 million euros.

A 200 m2 premises on Paseo de Gracia in Barcelona or Calle Serrano in Madrid can have an income of more than 50,000 euros per month with returns of 3-4% The profitability of the businesses that make up the retail sector is growing at a rate of 10% in 2017, while the rents of commercial premises at the foot of the street in prime areas in cities like Madrid, Barcelona or San Sebastián have increased more than one 7% in the last year and a half due to the over-demand of premises and the lack of existing supply. In this sense, the price per square meter ranges from 220 to 260 euros per square meter in the main commercial arteries of the country, which means that a 200 m2 premises in Paseo de Gracia in Barcelona or Serrano Street in Madrid can Have an income of more than 50,000 euros per month.

In this way, the commerce sector has generated the creation of more than 8,000 companies this year with a capital investment for the creation of new business projects that has grown by 85% overcoming the barrier of 230 million euros. The main commercial arteries of the country have a profitability ranging from 3% to 5.5% in the most profitable cases, always depending on the particular asset. Characteristics like the surface and the visibility of the facade are the main elements that, next to the location, determine the rent of the premises.

“All the major brands want to have a presence in our country because it is one of the most attracting visitors in the world, good quality of life, competitive prices and sectors such as textiles or catering, which Are a reference for their quality.The problem for the brands is that in some prime areas of the big cities there is a very low turnover in the premises, reason why they find it difficult to find a suitable place “, indicates Miquel Laborde, founding partner of Laborde Marcet, property and real estate investment company.

In fact, the good trend of the retail sector is confirmed by the 1,495 million euros it invested in real estate investment in the first quarter of the year, a figure that surpasses that recorded during the first half of 2016, when it stood at 1,120 million.

 

By | 2017-06-20T11:19:41+00:00 June 19th, 2017|Economy news|Comments Off on The retail sector grows at a rate of 10% in Spain

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