SOUTH EAST AND OUTER LONDON


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IT ISN’T ALL BAD NEWS THOUGH – THERE ARE STILL MANY RETAILERS ACTIVE IN THE MARKET.


PRIME RENTS 


Last year, the UK average rent decrease (including London) fell 7%, whereas the South East fell by 8%, East Anglia 7% and Outer London close to 9%.


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In the last 12 months we have seen these rents drop in all locations across the South East, Outer London and East Anglia apart from Streatham.


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Rents in Ipswich and Southend have fallen by double digits, however the market towns including Bury St Edmunds, Saffron Walden and St Neots have shown slight decreases or remained stable.


 Rents in Oxford have fallen by more than 10%. 


High occupational costs mean that rents are not as robust as they have been.


KEY TAKEAWAYS 


CVAs such as Debenhams will create uncertainty about the future of its spaces.


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Repurposing of CVA assets away from retail, alongside ample available space, is allowing retailers to push for lower rents, longer rent free periods, high capital contributions, more flexible lease terms and an increasing presence of turnover rents.


EXECUTIVE SUMMARY


THE MARKET


RETAIL REIMAGINED


MONEY


IS THIS THE END OF THE GOLDEN AGE OF ONLINE RETAILING?


KNOWLEDGE


SHOPPING WITH A CONSCIENCE


FOOD


REGIONAL UPDATES


CONTACTS


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