Our View on Out of Town Retail - Spring 2020
Take up across the main out of town retail markets rebounded from a disappointing 2018, with 214,600 sq ft of lettings. Ipswich and Cambridge accounted for 78% of activity.
Prime bulky use rents edged downwards in 50% of the out of town retail locations, resulting in average falls in rents of 2.5% over the year.
Availability edged up to the highest level since 2012 as the retail warehouse market continues to restructure. The overall availability rate stands at 8.8%, with Oxford and Ipswich having the highest vacancy rates.
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