While take up across the Bidwells’ market area was robust in H1 2019, it has been a difficult period for the retail park market generally. Availability across the region has more than doubled over the last 18 months to over 0.5m sq ft with an average availability rate rising to 8.5%.
With requirements satisfied, registered demand has weakened significantly with retailers taking an opportunistic approach to acquisition. Prime headline rents are 14.8% below their most recent peak, although there are sharp variations between market segments.
To subscribe to receive further 'Our View on...' research papers, please click here.