London's prime high street retail locations commanded the highest rents in Europe, with monthly rates reaching a staggering 2,173 euros per square meter in 2023. This figure dwarfs other major European cities, with Paris coming in second at 1,167 euros per square meter. The stark difference in rental prices highlights the premium placed on prime retail spaces in Europe's financial capital, reflecting the city's status as a global shopping destination.
While London boasts the highest retail rents, the UK as a whole remains a significant player in retail real estate investment. In 2023, the UK attracted 6.6 billion euros in retail real estate investment, accounting for approximately a quarter of the total investment in the sector across Europe.
Monthly prime rent of high street retail real estate in selected European cities in 2023
(in euros per square meter)
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Statista. (February 28, 2024). Monthly prime rent of high street retail real estate in selected European cities in 2023 (in euros per square meter) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/875297/monthly-rent-high-street-retail-real-estate-prime-rent-europe-cities/
Statista. "Monthly prime rent of high street retail real estate in selected European cities in 2023 (in euros per square meter) ." Chart. February 28, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/875297/monthly-rent-high-street-retail-real-estate-prime-rent-europe-cities/
Statista. (2024). Monthly prime rent of high street retail real estate in selected European cities in 2023 (in euros per square meter) . Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/875297/monthly-rent-high-street-retail-real-estate-prime-rent-europe-cities/
Statista. "Monthly Prime Rent of High Street Retail Real Estate in Selected European Cities in 2023 (in Euros per Square Meter) ." Statista, Statista Inc., 28 Feb 2024, https://www.statista.com/statistics/875297/monthly-rent-high-street-retail-real-estate-prime-rent-europe-cities/
Statista, Monthly prime rent of high street retail real estate in selected European cities in 2023 (in euros per square meter) Statista, https://www.statista.com/statistics/875297/monthly-rent-high-street-retail-real-estate-prime-rent-europe-cities/ (last visited December 22, 2024)
Monthly prime rent of high street retail real estate in selected European cities in 2023 (in euros per square meter) [Graph], Statista, February 28, 2024. [Online]. Available: https://www.statista.com/statistics/875297/monthly-rent-high-street-retail-real-estate-prime-rent-europe-cities/