Madrid

Madrid, SpainThe retail market in Madrid has two major hubs (Centro and Salamanca districts) where the greatest concentration of both national and international retailers can be found. There are also a number of more secondary locations including Princesa, Orense and Alcala streets.

The city of Madrid continues to renew itself and adapt to generational changes and trading environment, recent refurbishment in Serrano street improved pedestrian mobility and trade.At the Centro district many streets have also seen the refurbishment of buildings and changing uses in order to accommodate new brands in the city center where in the past has been difficult to find good quality retail space as well as Hospitality spots.

Barrio de Salamanca is one of the two most important commercial areas of Madrid. A considerable number of international retailers are located on this area. Therefore the diversity of the retail offer in this area makes it an ideal destination for tourists and potential customers of the brands. Within the district there are some streets that are identified by certain segments such as Ortega y Gasset, orientated to luxury; or Goya and Velázquez to Mass Market. In more secondary streets, such as Claudio Coello, Lagasca, Jorge Juan and Ayala a large number of Premium brands have laso a presence. Serrano acts as the main commercial artery of the neighborhood concentrating all along its two sidewalks the most important brands of Luxury, Premium and mass market brands. Barrio de Salamanca offers a wide misture of commercial, cultural and gastronomic supply.

 

 

 

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Cushman & Wakefield Inc, Madrid

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CENTRO DISTRICT: 40.411516, -3.707645
BARRIO DE SALAMANCA: 40.427949, -3.686750
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CENTRO DISTRICT

The prime high streets in this area are Gran Via, Preciados, Mayor, Arenal, Fuencarral, Carmen,Montera and Puerta del Sol. Some of the largest and most commercial brands from all sectors (Fashion, services, hotels, cinemas, restaurantes and theatres) have a presence at this area. The centro district is the largest area of the city both in terms of tourism and commercially and culturally speaking.
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BARRIO DE SALAMANCA

An area with the highest purschasing power of the city and therefore home to many well know and prestigious brands of Luxury, Mass Market and High End fashion, streets such as Serrano, Ortega y Gasset, Goya, Claudio Coello, Ayala, Hermosilla, Lagasca and Jorge Juan are the most relevant.


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Shopping Centers of Madrid

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MADRID – XANADÚ: 40.299012, -3.926859
LA VAGUADA: 40.479913, -3.707034
PARQUE SUR: 40.340950, -3.731201
ISLAZUL: 40.363734, -3.737320
PLENILUNIO: 40.447030, -3.587375
PLAZA NORTE 2: 40.540121, -3.611885
PARQUESUR: 40.340227, -3.733055
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PARQUE SUR

Located to the south of the city, it opened in 1989 and offers more than 150,000 m² of retail floor space. The food anchors are Alcampo and El Corte Inglés. The mall provides a range of national and international retailers such as Primark, Zara, Fnac, Superdry, H&M, Desigual or Nike. In 1991 received a European Design Award.
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XANADÚ

Opened in 2003, it has 220 retail units in a total of circa 153,000 sq.m of GLA. Hipercor, Tiendas el Corte Inglés, together with Primark, H& M, Zara, Mango act as the main anchors. Xanadú was one of the first modern shopping centres to open in Madrid and benefits from a large leisure component, bein it´s main attraction an Indoor ski slope, Madrid Snow Zone, together with a 15 screen cinema complex.
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LA VAGUADA

La Vaguada in the north of Madrid opened in 1983 and it was the first shopping centre to open in the city. This scheme has a total of 260 retail units and restaurants, including El Corte ingles, Alcampo super market, C&A, Zara, Cortefiel or Sfera.
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PARQUESUR

Located to the south of the city, it opened in 1989 and offers more than 150,000 m² of retail floor space. The food anchors are Alcampo and El Corte Inglés. The mall provides a range of national and international retailers such as Primark, Zara, Fnac, Superdry, H&M, Desigual or Nike. In 1991 received a European Design Award.
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ISLAZUL

Located to the south of Madrid with 90,700 m² of GLA, and more than 4,100 parking spaces, Islazul is one of Madrid’s major retail destinations, welcoming more than 10 million visitors annually. Tenants include almost all the major retail brands operating in Spain such as: Primark, H&M, Zara, C&A or Mango.
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PLENILUNIO

Plenilunio is a successful shopping centre in Madrid, it opened in 2006 with a total of circa 70,000 m² GLA. The mall provides a range of national and internacional retailers across 200 units.
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PLAZA NORTE 2

Plaza Norte 2 shopping centre is located in San Sebastián de los Reyes, in the North outskirts of the city. It has 51,500 sq.m GLA distributed among 3 levels and 220 units, it offers a good mix of national and international brands and 7,500 sq.m of parking space.This shopping centre is affectionately known as la cúpula de Madrid (Madrid's dome) because of the spectacular 35-metre high dome located above the centre of the building.

SHOPPING CENTER TO WATCH OUT FOR
Center NamePLAZA RIO 2
Total Size (Sq.m) 39,118
- Retail GLA
- Leisure/Entertainment GLA
Planned Opening Date Autumm 2017
Consumer Profile Mass Market
Description Plaza Río 2 shopping centre will be strategically located in the centre of Madrid, in an redeveloped area, part of the ‘Madrid Rio’ project. It has 39,100 sqm GLA, distributed among 3 floors and 180 units, and 1,500 parkng spaces. It offers a good mix of shopping and leisure facilities, with tenants like Inditex group, H&M, FNAC, Five guys and Alcampo.

NEW LUXURY/PREMIUM ENTRANTS TO CITY

Oliver Peoples

MARKET OVERVIEW
KEY AREAS / STREETS/SHOPPING CENTERSCONSUMER PROFILEMAJOR RETAILERS PRESENTNEW ENTRANTSTYPICAL RENT FOR UNIT OF 200SQMRANGE OF UNIT SIZES
Preciados Mass Market Zara, Blanco, Mango, Intimissimi, Calzedonia, Desigual, FNAC, El Corte Inglés, BershkaMassimo Dutti, Zap Shop250 €/sqm/month20 – 3,000 sqm
Goya Mass Market Zara, Massimo Dutti, Bershka, Calzedonia, Kiko, Vodafone, Aristocrazy, El Corte InglésFNAC, Massimo Dutti, Orange175 €/sqm/month20 – 2,000 sqm
Fuencarral High End, Mass MarketBillabong, Maje, Gas, Kiehl´s, Desigual, Foot-Locker, North Face,Quiksilver, Pepe Jeans, El GansoVictoria Secret, Decathlon, Antony Morato185 €/sqm/month40 –700 sqm
Gran Vía Mass Market Zara, H&M, Mango, Nike, Real Madrid, Pull & Bear, New Balance, Kiko, SpringfieldPrimark, Five Guys, Parfois, Carpisa250 €/sqm/month40 – 4,000 sqm
Princesa Mass Market Zara, Mango, Uno de 50, AmichiRumbo105 €/sqm/month30 – 3,000 sqm
Ortega y Gasset Luxury Escada, Hermes, Cartier, Tiffany’s, Valentino, Abercombie & Fitch, Kuoni, La Perla, Dolce & Gabbana, Jimmy Choo, Tod’s, BulgariBrunello Cucinelli, Oliver Peoples 220 €/sqm/month 40 – 1,000 sqm
Serrano Luxury, High EndLoewe, Chopard, Salvatore Ferragamo, Max Mara, Adolfo Domínguez, Versace, Aristocrazy, Swarovski, Breitling, Rimowa, Uno de 50,Zara, Massimo Dutti, Uterqüe, Hoss Intropia, El Corte Inglés, Coach, Max & Co.Tesla Motors, Manfgo, Damat DS, Hugo Boss250 €/sqm/month 40 – 5,000 sqm

Data as of June 2017

Spain is well known for the quality and diversity of its food. Most likely for this reason, the market has been somewhat slower than other countries in introducing foreign cuisine, although in the past few years this has changed considerably. In addition to seeing an increase in restaurants from other Spanish regions, the concepts that are becoming most popular are healthy fast food and oriental cuisine, in particular Japanese food. The gourmet hamburger concept is also gaining importance in the market. More recently there have been a number of new concepts for fine dining and leisure created by professionals who until recently had been working in three Michelin restaurants and who now have become independent and set up their own restaurants. This has given way to an industry that is now booming, and Madrid has successfully expanded its cuisine supply by importing concepts from around the world without impacting on the tradition and fine dining.

Zona Centro: La Latina, Cava Baja, Plaza de Santa Ana are areas in high demand for restaurants.

Chueca/Barquillo: home to some independent, alternative fashion brands and many good quality restaurants.

Genova Area: restaurant chains serving some of the major companies are present in the area.

AZCA/Castellana (Orense, Paseo de la Habana, Sor Angela de la Cruz, Paseo de la Castellana and Capitan Haya) is the financial area of the city and for this reason is also home to a wide supply of food and beverage operators.

Barrio de Salamanca being the most exclusive residential area, and an important office location it´s also home to a wide supply of restaurants.

There is also a new trend which has been popping up recently, the “gourmet markets,” such as San Miguel and San Antón in the centre of Madrid, or Isabela on Paseo de la Habana. Most recently the largest project of this kind has opened, Platea, just off Paseo de la Castellana in the Salamanca district.

MARKET OVERVIEW
KEY AREASCONSUMER PROFILEFOOD & BEVERAGE OPERATOR INCLUDINGRENT FOR 350 SQM UNIT
La Latina/Cava Baja/Plaza de Santa Ana Longstanding entertainment area. Cosmopolitan and tourism spotME Restaurant & Lounge Bar Botin, La Camarilla, Negro de Anglona, El Viajero, Casa Lucío, Mercado de San Miguel, Posada de la Villa, La Sureña, Cervecería Santa Ana30-80 €/sqm/month
Chueca/Barquillo Edgy, trendy, important nightlifeTagliatella, Miss Sushi, Makkila25-50 €/sqm/month
Genova Executive area during the week. Youth at weekends due to fast food chainsWagamama, Rodilla, Fosters Hollywood, Mahou60-80 €/sqm/month
Azca/Castellana CBD and a fashionable district for upmarket restaurants and officesTGB, Mas que menos, Faborit New York Burguer, Lateral, Honest Greens30-60 €/sqm/month
Barrio de Salamanca CBD and a fashionable district for upmarket restaurants, offices and tourists Ten con Ten, Vicook, La Maruca, El Paraguas, Gordo, Capuccino, Ramses, Oter Epicure, Taberna Quintin, Los Gallos, Dingo30-100 €/sqm/month

Data as of June 2017