
UK retail vacancy – where will it go?
"While the number of UK retail store closures continues to rise, the vacancy picture differs hugely depending on location type and pitch"
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"While the number of UK retail store closures continues to rise, the vacancy picture differs hugely depending on location type and pitch"

"2020 saw a significant increase in insolvency activity across all asset classes, with high-streets and shopping centres impacted most as a result of their greater exposure to mid-market fashion and leisure operators"
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"It is worth noting that this covers the 'prime-prime' segment of most major property sectors in key cities around the region and should not be confused with the market overall, particularly when comparing market cycles. "

"Unit availability opens significant opportunities in the West End"
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"The Australian economy grew by 1.8% in the March quarter, being the only G7 Nation that has recorded GDP growth relative to pre-pandemic GDP. With the pandemic causing many retailers to close due to Government imposed lockdowns and foot traffic drastically reduced, retail property was negatively impacted."

"Quarter on quarter rises in rents reflect a gradual improvement in sentiment but any clear turnaround will be dependent on the lifting of border restrictions. "
"Neighbourhood and large format centres have continued to perform well and a clear divergence between discretionary and non-discretionary centres has become apparent in both sales and leasing metrics."
"In 2020, the Xi’an government promoted the integration of the cultural and tourism industry in the city, causing many retail projects to integrate cultural aspects to attract customers. These additions in commercial projects help meet demand for higher-level consumer experiences."
"Greater KL will see the completion of 13 new malls in the next three years,adding at least 8.9 million sq ft to the market – more than half of which is to be completed this year in 2021."
"Increasing e-commerce opportunities are forcing retailers to improve by combining their offline and online strategies and taking an ‘Omni-Channel’ marketing approach in order to maximise the effectiveness of both. As a result, some retailers are looking to reduce their total rental space."