The UK's High Street Is Changing
The face of the UK’s high streets are changing, and whilst retailers slow off the line have been edged out, those able to compete in a multi-channel marketplace remain well rooted. It is clear that some traditional retail sectors will for practical reasons still maintain the requirement for a strong bricks and mortar presence, whilst new demand could come from emerging online retailers keen to make clever use of multiple marketing channels.
In the face of this, investment in high street retail property will become an increasingly analytical process, with location-specific factors such as demographics a key determinant in vacancy levels and rent trajectories. The yield spread between London and key regions arguably remains unjustifiably high, and we see good value in some of these areas for the right type of offering