Delivering retailers to one of the world’s premiere retail destinations
Central London Retail
As one of the world’s premiere retail destinations, the opportunities in central London are tremendous. We have a dedicated team of specialists who offer intelligent advice, out-of-the-box thinking and for international retail brands, unrivalled market insight to deliver solutions that work. Please get in touch to discuss how we could help you.
London remains the top market with the highest percentage of international retailers. The market has grown such that in 1998, retailers needed 200 stores to reach 50% of the population, now they need only 80. CBRE's Eric Eastman and Kevin Farrow, explain what makes the UK market so attractive and which countries these new entrants are coming from.
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.