Retail space demand is still strong in the main thoroughfares of Madrid and Barcelona. Rental values remain in high historical levels in the best locations given the strong interest from pure retailers and other entrant players willing to combine brand experience with omnichannel strategies. Specialised invertors in high street assets are willing to acquire good product but are mindful of the high capital values the market is currently displaying. Yet, investor intentions are strong given the correct approach in pricing.
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Cushman & Wakefield: Spain Retail Snapshot (Q3, 2019)
Published By: Cushman & Wakefield