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High Street


The Seville High Street market returns to pre-Covid levels of activity, driven by increased activity from new entrants.

Juan Pedro Hernández | Director. Retail High Street


Seville has regained its international appeal and is once again a priority city for the expansion of operators.


In recent years, the prime area of the city has experienced significant activity with the entry of new national and international operators, such as the relocation of Tous or the arrival of Aristocrazy, Primor, Miniso or Five Guys.

Availability by zones
Year-on-year comparison of average rents by zone
Year-on-year comparison of rents by zone
Latest operators to arrive in the city

The increase in operator turnover, the arrival of new brands and the increase in availability have marked the activity of recent years. With regard to rents, there was a general decline in secondary areas, mainly due to increased availability. On the other hand, the prime area has managed to stabilise the average rent level, even materialising occasional operations with a slight increase, to around €153/sq m/month (average of the maximum value in the area).

The boom that the Seville market is experiencing after the pandemic, recovering levels of national and international tourism, together with rents in its prime area at lower stress levels than other cities of similar characteristics, is motivating operators to position the city among their priorities.

In terms of investment, there has been a surge of interest from national and international funds and family offices seeking higher returns than those available in more liquid markets such as Madrid or Barcelona.

The city is returning to its pre-Covid growth path, regaining its commercial attractiveness and influx and positioning itself as a priority city for both operators and investors beyond Madrid and Barcelona.

Highlights

  • The super-prime section of Seville - Velázquez and Campana - has been stable in the face of the pandemic.

  • Stabilisation of the average rent €/sq m/month in the prime area, while the secondary axes suffer a significant decrease approaching 25%.

  • Seville, like other cities, is experiencing a high level of off-market activity in the super prime area due to the departure of some operators, which has been taken advantage of by brands traditionally located on secondary axes.

  • Increased availability in the prime environment, reaching close to 15%.

  • The city is experiencing a slight squeeze in prime yields, driven by high investor demand.