ASCANA IN THE ECONOMIC NEWSPAPPER EXPANSIÓN
Financial institutions are taking advantage of the retail crisis to open their reference offices on the first level commercial streets of Madrid and Barcelona, where they will coexist with luxury fashion brands.
Eduardo Rivero, founding partner of the real estate consultancy ASCANA indicates that “although it is a consolidated fact in Madrid and Barcelona, it is not happening in the rest of Europe”, Rivero explains “the interest of banking to return to the most commercial streets increased in 2017, but the first openings took place last year”. According to the last ASCANA report, even though it is true that Madrid and Barcelona’s first level commercial streets still have some available premises, the rents continue to increase at a faster rate than in the rest of the commercial axis of both cities.