01 April, Il Sole 24 Ore
Retail has registered an increasing gap between regular shops and luxury shops. Spaces have to become more attractive in order to compete with e-commerce, which corresponds to sales for 27.4 billion euro. Last year, high street investments amounted to little more than 500 million euro.
In Milan, there are 123 shop windows in Via Montenapoleone. Here, prices reach 12,800 euro/Sq m per year, while they were 10 thousand euro/Sq m/year in Galleria Vittorio Emanuele. The demand for high street in Rome was quite dynamic in 2018 and supported by tourism. Florence is becoming more attractive, with 329 shop windows in the old town. Finally, there are 266 retailers and 446 shop windows in Venice.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi