From rent reviews to lease renewal strategies and dispute resolution, our Retail Lease Consultancy team provides market-led advice in all aspects of landlord work.
Our advice is rooted in a comprehensive knowledge of the retail market at geographical and sector-specific levels, taking in high street, shopping centres, out of town and supermarkets.
Our awareness of the factors that drive supply and demand in all locations makes us uniquely placed to help you work your property portfolio harder.
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.