What: Sales in Spanish shopping centers increased by 3.2% from January to April 2024 compared to the same period in 2023, with footfall growing by 3.7%.

Why it is important: The rise in sales and footfall indicates a positive trend in consumer spending and engagement in shopping centers, particularly highlighting the increased average spending per visitor in regions like Catalonia.

According to CBRE's "Retail Index," Spanish shopping centers experienced a 3.2% increase in sales and a 3.7% rise in footfall from January to April 2024 compared to the same period in 2023. Catalonia led the sales growth with a 6.1% increase, despite only a 2.3% rise in footfall, attributed to higher average spending per consumer. Southern Spain saw the highest footfall growth at 7.9%, with a corresponding sales increase of 3.8%. Rents have remained stable at 2023 levels, and no significant changes are expected in the next year.

Spanish Shopping center sales grew 3.2% through April, according to CBRE