Portugal 
Spain 
Greece 
Milan high street split between two price trends
15 November, Libero
As an effect of the pandemic, the Milan retail real estate market reported two different trends concerning lease prices. In Corso Vittorio Emanuele, prices range between 4,000 and 9,000 euro/Sq m. Montenapoleone and Sant’Andrea are still the most exclusive streets with prices unchanged between 7,000 and 10,000 euro/Sq m, while Via Spiga reported declining prices (3,000-4,000 euro/Sq m). Corso Venezia also reported a slight decrease in prices (600-2,500 euro/Sq m), whereas in Porta Ticinese prices leases are stable at 500-600 euro/Sq m. The remaining areas of the city, however, have seen an increase in unlet spaces up to 20%. Once vacant, the lease is negotiated with the owner, resulting in a gap between offer and demand around 25%.
Source: Libero
Translator: Cristina Ambrosi