As one of the world’s premiere retail destinations, the opportunities in London are enormous. The CBRE London retail agency team comprises more than ten dedicated specialists with extensive experience in the London market between them.
With the long-term guarantee that a 10 – 15 year lease provides and the predicted population growth in London, confidence is growing amongst landlords looking to invest in retail. Steven Stedman, Executive Director for Central London Retail, discusses why London retail is such an attractive market to landlords.
Central London shops markets have never been stronger, boosted by 'safe haven' money, a steady flow of new flagship entrants and burgeoning tourist spending. Steven Stedman looks at the seemingly inexlorable growth of central London shopping.
In this note, we set out the key issues which Brexit is already raising for retailers. Migration controls and currency movements may mean workers are less ready to work in the UK retail industry, which may increase time and cost. Currency devaluation will also generate more general cost inflation, though not everyone is a loser from these effects, and cost increases may spur yet more innovation in an already dynamic sector. The good news is that this year isn’t all about Brexit. The bad news is there are other more pressing concerns in 2017, with the rating revaluation and apprenticeship levy among the factors which retailers will have to grapple with. As always in retail, the winners will be the most agile and forward-thinking.