Informe
Spain Retail Market Dynamics, Q3 2024
Summary and analysis of Spain's current retail real estate market conditions.
21 de octubre de 2024
Autores:
- Augusto Lobo
- Laura Caballero
- Antonio Sánchez-Moliní
- Cristina Martínez
The Consumer Confidence Index continues to recover gradually in recent months. According to Oxford Economics estimates, private consumption and retail sales will grow until 2025, supported by rising real wages and a dynamic labour market. This is supported further by inflation and interest rate declines, whilst international tourist visits reach highest levels since 2019.
Competitive tension for quality spaces in the best commercial destinations continues to rise.
The vacancy rate in the main shopping streets of Madrid and Barcelona remains stable since the beginning of the year (4%) and below pre-pandemic levels (7%).
