Bidwells has released its Out-of-town Retail research paper. In the out-of-town market both rents and yields stabilised in the first half of 2018, driving improved total returns across most of the Bidwells region, due largely to good income returns.
The potential closures of large stores and the announcement of other retailers rationalising their property portfolio, like Homebase, will have a dramatic effect in terms of loss of jobs, the knock-on effect to other retailers nearby, the effect on suppliers, and the overall effect to the high street.
The High Street has had a tough time in the press lately and in recent weeks the headlines have been littered with household names in the retail sector closing stores. Will the restaurant market be the saviour of the High Street?
With vacancy in the retail warehouse sector down to historically low levels, the competition for ‘new’ units from an increasingly diversified occupier has intensified the need for retail park owners to come up with creative solutions.