Malasaña is a vibrant neighborhood and a center for the 'hipster' phenomenon, full of lively bars and clubs overflowing with young people. Its creative and countercultural roots, which stretch back several decades, have led to the area's distinct musical and artistic tastes.[2] Its streets are currently being renovated, making it a much more attractive quarter. It's one of the classic areas for partying the night away.
Commercially, Malasaña has many fashion boutiques as well as shops for design and niche market products. They are often cutting-edge shops or feature progressive designers and products. They are often economical and rarely mainstream. There are many secondhand vintage shops, used book stores and unique gift shops. Calle Espíritu Santo represents the melange of Malasaña by having, on one full block alone, a retro shop, butchers with uncommon meats, a fancy pastry shop, two vintage shops, a small florist, vegetable shop, five bars, three bohemian cafes, a retro food shop, two ethnic restaurants, two mid-range restaurants, and a couple more traditional bars along with two hip-hop clothing shops