Summary and analysis of Spain's current retail real estate market conditions.
Insight
Spain Retail Market Dynamics, Q2 2025
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High demand for prime locations in Madrid and Barcelona, with a total of 20 new openings in the second quarter of 2025.
Fashion and jewelry brands dominated new store openings, accounting for 60% of the total, of which international brands represented 60%.
Available supply continues to decrease in Madrid and Barcelona, putting upward pressure on prime rent in both locations.