Press enter

Best spots to buy retail space revealed | 23 March 2012

The London districts of Lewisham, Wood Green, Uxbridge and Harrow have been named amongst the top five regions to invest in retail space.

In a survey compiled by property consultants BNP Paribas Real Estate, the four regions were cited as areas where the highest proportion of retailers are currently succeeding, as was Truro in Cornwall.

These areas, along with others which ranked well in a survey of 100 British regions, were described as being “not oversupplied with retail space” and having “affluent catchment areas.”

According to The Financial Times, eight out of the ten areas most at risk of store closure were based in northern England and the Midlands. Bradford and Derby were named as the most high-risk areas to open a shop. Retail space in Southampton, Wolverhampton and Hull was also identified as a risk purchase.

Many key figures in the commercial property sector have claimed they are willing to lend a helping hand to struggling retailers in order to help kickstart the economy.

Reacting to the figures, Legal & General Property research analyst Tom Carlton told Reuters: “A lot of retailers are under pressure at the moment.

“We are having regular conversations with retailers that may be struggling to make sure we can be flexible. They may want a rent reduction or some slightly lenient terms with their lease structures.”

Written by Joe Elvin on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

Share this story
More News

Qube Global Software customers win at the Property Week Awards | 7 November 2017

We are delighted to announce that a number of our customers were crowned winners at the Property Week Management All-Stars awards – held at Grosvenor House, London, on the 2nd November.

Network Homes choose Qube Living | 16 August 2017

Network Homes has chosen to implement Qube Living to support its growing Build to Rent portfolio.

Qube Global Software customers shortlisted at ARMA ACE Awards | 6 June 2017

We are proud to announce that a number of our customers have been shortlisted at the prestigious ARMA ACE Awards.

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close