Our View on

HIGH STREET RETAIL 

While the Oxford Cambridge Arc has inevitably felt the impact of the retail slowdown, with average prime rents down 22% since 2016, retailer strategies of focusing on prime locations in target towns has cushioned markets to an extent.

The average availability rates across the Arc, fell to 9.9% in H1 2019, below 10% for the first time since 2015. Over the last 12 months Cambridge, Ipswich and Norwich have seen a sharp fall in their availability rates, while the Westgate Centre is now 95% let.

 

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