In Milan, the annual square meter rent of high street retail space was about five times higher than the average rent in a shopping center. As of the third quarter of 2021, the rental rate of a high street shop was 3,850 euros per square meter per year, while shopping center rent cost 810 euros per square meter per year. In 2021, retail rents in Milan fell for a second year in a row. This was likely due to the effect of the coronavirus pandemic on football, consumer spending, and international travel.
Prime annual shopping center and high street retail rent in Milan, Italy from 2016 to 2021
(in euros per square meter)
Characteristic
Shopping center
High street
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JLL. (October 30, 2021). Prime annual shopping center and high street retail rent in Milan, Italy from 2016 to 2021 (in euros per square meter) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1282664/retail-rent-in-milan-italy/
JLL. "Prime annual shopping center and high street retail rent in Milan, Italy from 2016 to 2021 (in euros per square meter)." Chart. October 30, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1282664/retail-rent-in-milan-italy/
JLL. (2021). Prime annual shopping center and high street retail rent in Milan, Italy from 2016 to 2021 (in euros per square meter). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1282664/retail-rent-in-milan-italy/
JLL. "Prime Annual Shopping Center and High Street Retail Rent in Milan, Italy from 2016 to 2021 (in Euros per Square Meter)." Statista, Statista Inc., 30 Oct 2021, https://www.statista.com/statistics/1282664/retail-rent-in-milan-italy/
JLL, Prime annual shopping center and high street retail rent in Milan, Italy from 2016 to 2021 (in euros per square meter) Statista, https://www.statista.com/statistics/1282664/retail-rent-in-milan-italy/ (last visited July 22, 2024)
Prime annual shopping center and high street retail rent in Milan, Italy from 2016 to 2021 (in euros per square meter) [Graph], JLL, October 30, 2021. [Online]. Available: https://www.statista.com/statistics/1282664/retail-rent-in-milan-italy/