Why should you rent or buy a retail property in Serrano street?

Serrano street is one of the most exclusive streets in Madrid and is known for its luxury shops and boutiques. It is one of the main commercial arteries of the city and is a privileged location for business. Its commercial mix is made up of premium, luxury and mass market brands, depending on the section and side of the street. This street attracts a high net worth clientele, having a GDP per capita of over €80,000, one of the highest in Madrid, making it a popular location for luxury brands and fashion stores.

When evaluating the KPIs, pay attention to the Prime Rent and Lease Terms (Years), as they will determine the rental value and contract duration to establish your business in this premium location. Also, analyze the Investment and Prime Yield (%) to assess the appeal and potential profitability of commercial premises on Serrano Street.

Advantages of renting retail properties on Serrano street

Renting a retail property on Serrano street has several advantages for businesses. First of all, Serrano is one of the main commercial arteries in the city, which means there is a high volume of pedestrian and vehicular traffic. This can increase the visibility of your business and attract more potential customers. Second, Serrano attracts high net worth customers, which means that businesses located here have the opportunity to attract customers who are willing to spend more money. Lastly, renting prime retail properties on Serrano can increase the reputation and prestige of your business.

Factors to take into account when choosing retail properties on Serrano street

When choosing a retail space on Serrano street, there are several factors that you must take into account. First of all, you must consider the size of the premises and if it suits the needs of your business. Second, you need to consider the cost of rent (which you can see in the KPI called Prime rent) and whether it is viable for your business. It is also important to consider the location of the premises and whether it is easily accessible to customers.

The advantages of being located on a commercial street

Being located on a commercial street can have several advantages for businesses. First, commercial streets often attract a high volume of foot and vehicular traffic, which can increase the visibility of your business. Second, being located on a commercial street can increase the reputation and prestige of your business. Lastly, being located on a commercial street can offer opportunities to collaborate with other local businesses and increase your exposure.

In addition to Preciados, Sol and Callao streets, there are other privileged areas in the city to rent commercial premises. These include Gran Vía street, the Salamanca neighborhood, such as Goya and Claudio Coello streets.