SOUTH WEST AND WALES


“ ”


LOOKING AHEAD TO 2020, IT IS ESSENTIAL THAT LANDLORDS ARE OPEN MINDED TO ALTERNATIVE USES IF THEY ARE TO EXTRACT VALUE FROM THEIR ASSETS.


PRIME RENTS  6.9% decline in prime rents in the South West.  12.9% decline in prime rent in Wales.  


Only one location recorded rental growth throughout both regions.


 DEVELOPMENT 


Very little development has commenced in 2019 which provides an indication of the cautiousness landlords and developers have for the sector at present.





Work continues on the 100,000 sq ft leisure extension to Drake Circus in Plymouth which is set to open in Autumn 2019.


Retail repurposing of medium size units and department stores is essential to redress the balance and oversupply of retail accommodation across the region.


With the political and economic outlook remaining uncertain and perhaps more importantly, business rate policy looking unlikely to change significantly in the short term, the rental decline and increased vacancy experienced in the region looks almost inevitably set to continue in 2020.


KEY TAKEAWAYS 


70% of towns across the South West and Wales have a vacancy rate of between 10 – 20%.


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


< >


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48