SCOTLAND


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ANOTHER RECENT ADDITION HAS BEEN THE INTRODUCTION OF DRIVE-THRU COFFEE OPERATORS COSTA, TIM HORTONS AND STARBUCKS TO RETAIL PARKS...


PRIME RENTS  Prime rents are down -9.81%. 


Glasgow’s prime pitch, Buchanan Street, has seen Zone A rates peak at £325 psf, reflecting strong rental growth during the last few years.


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Whilst Zone A rates have remained relatively stable on Princes Street and George Street during 2018, undoubtedly the St. James effect will take effect imminently.


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KEY TAKEAWAYS 


The St. James Quarter development will boost Edinburgh from its current ranking of the UK’s 13th best retail centre to 8th but as a consequence there will be a downward pressure on Zone A rates elsewhere in the city, most notably on Princes Street.


Glasgow has seen a number of leading brands opening or committing to new sites.


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Retail warehousing has held up relatively well compared to High Streets and shopping centres.


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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