UK Shopping Centres 2017

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UK Shopping Centres: Dead or Alive?

For some years now, there has been a seemingly endless stream of negative headlines surrounding the UK retail sector, in particular the shopping centre market. It is generally accepted that UK retailers now need fewer stores and vacancy rates are very high in some areas, particularly in secondary locations in smaller towns – as high as 30-40% in some cases. But, should we believe all the headlines forecasting doom and gloom in the UK shopping centre sector, and is bricks and mortar retailing really in terminal decline?

UK Shopping Centres

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UK Shopping Centre Report, Jan 2018

Cushman & Wakefield provides an overview of shopping centre stock levels and development activity across the UK.  In total, 1.3 million sq ft (120,773 sq m) of additional shopping centre floorspace was delivered in 2017. Whilst this remains below the long-term average annual trend rate, and indeed represents a slowdown when compared to previous years, […]