Passeig de Gràcia, the most expensive street in Spain
The effects of the pandemic are beginning to be reversed in the national economy. Thus, in 2022, tourism achieved a recovery of 80% compared to 2019, with Catalonia closing the year with the visit of 14.9 million international tourists and an average accumulated expenditure of 16,659 million euros, according to the latest balance sheet of the Conselleria de Empresa y Trabajo de la Generalitat.
For Angela Sánchez, retail director of the real estate consulting firm Laborde Marcet, “this economic recovery has led to the commercial reactivation of the iconic Paseo de Gracia“. This has made it the most expensive shopping street in Spain, ahead of Portal de l’Àngel or Madrid’s Serrano or
Preciados, and, according to the international report Main Streets Across the World, is among the 20 most expensive streets in the world. “The considerable growth of commercial activity has in turn generated a
The increase in rents compared to recent years, as brands struggle to find their ideal premises and are willing to pay higher rents,” explains Ángela Sánchez.
You can read the full article in El Punt Avui.
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