Monthly high street retail properties prime rent in Europe 2023, by city
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.