THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Prime retail rents hold up in the capital but vary elsewhere

Research from Colliers International has shown that although the Central London retail property market is staying resilient during the downturn, the rest of the UK is not faring quite so well.

GENERAL MERCHANDISE

Prime retail rents hold up in the capital but vary elsewhere

Research from Colliers International has shown that although the Central London retail property market is staying resilient during the downturn, the rest of the UK is not faring quite so well.

The research by the commercial property agents found that while London, and the West End in particular, continued to buck the trendby by achieving healthy rental growth over the 12 months to June 2011, the  Midlands suffered significant falls in rental values of over 20% in a number of locations.

The report focuses on prime retail rents, one of the key indicators of the relative health of the retail market, and provides an analysis of the change in values over the 12 months to June 2011 on a national and regional basis.

The publication highlights the best and worst performers in terms of rental growth and assesses the outlook for the market as retailers continue to feel the impact of high inflation, falling disposable incomes and low consumer confidence.

Sarah Banfield, associate director for research & forecasting at Colliers said: “Our prime rents analysis highlights considerable variations in performance in different parts of Great Britain.

“It is clear that outside the capital, the retail market continues to show significant signs of fragility.

“Effective cost management is a key priority for the remainder of 2011 and retailers need to be able to recognise the warning signs and adjust their cost bases quickly."

Banfield added: “The market is going through a long term structural change and, at present, it remains a difficult trading environment. Retailers that fail to acknowledge this and react accordingly could find themselves in the same fate as Jane Norman and TJ Hughes.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process