The CBRE retail team have unrivalled experience advising retailers across all sectors, whether new entrants to the UK or established high street brands. Key to our ability to deliver superior outcomes for our clients is the way we structure our team focusing on specialist services and asset classes - covering agency, consultancy & advisory, corporate occupier services & lease consultancy.
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.