Paris tops the new world ranking for increased commercial premises rental deluxe in the last 12 months, with a year-on-year increase in 20 %, according to the international consultant Savills Aguirre Newman. The firm has analyzed the exit rents in the main retail locations luxury in 25 global cities to create this ranking. Montaigne avenue (Zone A), in the French capital, has registered a rise of 15.000 a 18.000 euros the square meter per year.

Madrid, London and Stockholm recorded the next largest increase in income in respective luxury areas of the prime axes of each city, with an annual increase of 11,1%. In the best area of Bond Street, in London, rents are currently at 30.140 euros per square meter per year, Meanwhile in Madrid, rent in Ortega y Gasset achieves 2.400 euros / m2 / year. In stockholm, las rentas en Birger Jarlsgatan son de 1.920 euros / m2 / year.

Marie Hickey, director of analysis Retail en Savills, explains that last year "Europe has dominated the increase in rent in luxury areas, occupying six of the first nine positions. Follows Pacific Asia, with cities in the next three places. Paris has supposed, with much, the biggest increase, driven by the increase in demand thanks to the improvement of the tourist market, particularly from china“.

Anthony Selwyn, director of London and International Retail in Savills, adds that "the significant increase in rents in each of these super luxury areas highlights the importance of physical stores strategically located for global retailers. This is further supported by heavy spending by luxury consumers., despite the fact that various economic obstacles affect the retail sector in general ”.

[Source: Bulletin]