Global Retail City Profiles Spain
Barcelona
Barcelona is a cosmopolitan seaside city with a well-established dynamic retail market. The city is Europe’s ninth most attractive location for international retailers and ranks 35th out of 140 in our global index, providing some of Spain’s best and most appealing retail locations. Many tourists are attracted by its rich culture, fabulous architecture, and a world-class drinking and dining scene. Foreign shoppers contribute up to 80% of the total retail sales in the city center.
High street Barcelona’s main shopping area is located in the Eixample neighborhood, centered on the prestigious and luxurious Paseo de Gracia. The area combines expensive shops, such as Michael Kors, Tiffany & Co., Louis Vuitton and Dolce & Gabbana with great architecture. Other popular streets within Eixample are Rambla Catalunya, Diagonal and Portal de l’Angel which have exclusive pedestrianized areas. Major national and international brands are located on these streets, including Zara, H&M and MANGO.
Retailer demand across the wider city continues to strengthen, fuelled by rising retail sales and improving economic conditions, pushing up prime rent levels in the main retail areas. However, demand for high quality retail space is particularly strong, as supply remains limited and international brands continue to show interest in the city. Christian Louboutin, UNIQLO, Terranova and Media Markt are some of the latest international entrants to the market.
Shopping centers Barcelona’s most important shopping centers include Maquinista, Splau, Diagonal Mar, L´illa and Les Glories. The redevelopment and extension of Les Glories shopping center completed during the last quarter of 2017, finishing its repositioning, which started successfully with the opening of ‘El Mercat’ food market concept. Concerning current and new development projects, the market in Barcelona is more focused on refurbishments, such as Maquinista or Maremagnum, than new developments. Unique opportunities can be found.
Shopping center La Maquinista
Diagonal Mar Glòries Splau
L’illa Diagonal Maremagnum Source: JLL 2018
Opening year 2000
2001 1995 2010 1993 1995
Size (sqft) 1,022,600
937,000 784,000 592,000 377,000 232,000
Location
City Center City Center City Center City Center City Center City Center
Population 5.4m
Prime rent (sqft per year)
US $330 Prime rental information for Portal de l’Angel
Key indicators Population (‘000s No.)
GDP per Capita (US$, Real, PPP) GDP Forecast 2018-2022 (% pa)
Retail Sales Forecast 2018-2022 (% pa) Global CBRA Rank (Out of 140 cities)
Rental growth outlook
5,449
41,489 2.0 1.5
35th
Source: JLL, Oxford Economics (May 2018) Global CBRA Rank = Global Cross Border Retailer Attractiveness Rank
Key retail entrants
Christian Louboutin Terranova Fendi
Isabel Marant UNIQLO
Media Markt
Key tenants
Apple, Hollister Co., Forever 21, H&M, Zara, Cortefiel Alcampo, Media Markt, Primark, Zara, H&M, MANGO Carrefour, Quitar, H&M, Zara, Massimo Dutti, MANGO Zara, Bershka, MANGO, Jack & Jones, Primark, Quitar Fnac, DECATHLON, Zara, Primark, MANGO, Cortefiel Quitar, H&M, Bershka, Desigual, Blanco, Pull&Bear
Copyright (c) JLL IP, INC 2018
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