Report | Intelligent Investment

UK Retail Parks Market View 2024

June 20, 2024 5 Minute Read

Aerial view of a shopping complex with large parking lots surrounded by roads and greenery. Several large retail buildings are visible, with a mix of rooftops and parking spaces.

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CBRE’s Retail Parks Market View Report explores the sub-sector’s latest consumer, occupier, and investor trends, and considers the outlook for the year ahead.

Key Findings

  • Retail sales volumes have remained subdued but are expected to see an uptick in the second half of the year, mirroring the improving macroeconomic backdrop
  • The breadth of occupiers considering Retail Parks locations continues to grow, and the sub-sector’s vacancy rate remains under downward pressure
  • Investor activity in the first half of the year was relatively muted, however with improving investor confidence, we expect more stock will come to the market in the next six months
53
10
UK consumer confidence is higher than the same time last year
53 upd
+5.3%
Retail Parks Prime rent growth,
Q1 2024 Y-o-Y
4075m
£407.5m
Retail Parks investment volumes,
Q1 2024

Read the report for our full analysis.

Contacts

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